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Author Question: Jill and Jed have individual demand curves for tennis rackets given in the table above and are the ... (Read 25 times)

c0205847

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on: Jun 29, 2018
Jill and Jed have individual demand curves for tennis rackets given in the table above and are the only two demanders in the market. What is the market quantity demanded at the price of 30?
 
  A) 2
  B) 5
  C) 11
  D) 18

Question 2

A market demand curve is constructed by
 
  A) a horizontal summation of each individual demand curve.
  B) averaging each individual demand curve.
  C) dividing one individual demand curve by the number of consumers in the market.
  D) a vertical summation of each individual demand curve.


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prumorgan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

This is awesome you took your the time to answer these questions. You have been so helpful.


c0205847

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

cassie_ragen

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Reply 3 on: Yesterday
Excellent

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