If Consumer 1 Has the Demand Function X₁ = 1,000

question 62

True/False

If consumer 1 has the demand function x₁ = 1,000 - 2p and consumer 2 has the demand function x₂ = 500 - p, then the aggregate demand function for an economy with just these two consumers would be x = 1,500 - 3p for p < 500.

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Definitions:

Esophageal Emptying

The process by which the esophagus clears food and liquids from the throat to the stomach, essential for normal digestion.

Liver Size

Refers to the physical dimensions of the liver, an important measure in assessing liver health and detecting abnormalities.

Auscultation

The practice of using a stethoscope to hear the noises produced by the body's internal organs as part of diagnosing health issues.

Bowel Sounds

Noises made by the movement of the intestines, which can be heard during a physical examination and indicate the functioning of the gastrointestinal system.