If Castor's Demand Curve Is Described by Q = 40

question 71

True/False

If Castor's demand curve is described by q = 40 - p and Pollux's demand curve is given by q = 60 - 2p, then each of their demand curves will pass through the point q = 20, p = 20.Therefore if they are the only two consumers in a market, the market demand curve will also pass through q = 20, p = 20.

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