There Are Only Three Consumers in the Market, and Their

question 130

Multiple Choice

There are only three consumers in the market, and their demand equations are as follows: (1) Q = 5 - 0.5P, (2) Q = 10 - P, and (3) Q = 2 - 0.2P. What is the equation for the market demand curve?

• A) P = 30 - 8Q
• B) Q = 3.75 - 0.125P
• C) Q = 17 - 1.7P
• D) Q = 30 - 2P

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