Suppose an individual inverse demand curve is given as P = 2 - 1/2
,where
is the quantity demanded by individual i.There are 50 individual consumers with this identical,individual inverse demand curve.Solve for the market demand curve.

Question

Suppose an individual inverse demand curve is given as P = 2 - 1/2  
,where  
is the quantity demanded by individual i.There are 50 individual consumers with this identical,individual inverse demand curve.Solve for the market demand curve.

Quizplus · Accepted Answer

The Answer of Suppose an individual inverse demand curve is given as P = 2 - 1/2  
,where  
is the quantity demanded by individual i.There are 50 individual consumers with this identical,individual inverse demand curve.Solve for the market demand curve.

Suppose an Individual Inverse Demand Curve Is Given as P