Demand Function

There are only 3 consumers (X, Y and Z) in a market and there demand functions are given as : Q_(X) = 30 - 2P , Q_(Y) = 40 - 3P , Q_(Z) = 50 - 4P From the given individual demand functions, determine the market demand function. Also, calculate the market demand at a price Rs. 10 per unit.

Let there be two consumers A and B in the market for a good. Their demand functions are given below. Find out the market demand function: (i) d_(A)(P) =20-P for ple20 and d_(A)(P)=0 if P gt 20 (ii) d_(B)(P)=30-2P for P le 15 and d_(B)(P)=0 if P gt 15

Suppose there are 20 consumers for a good and they have identical demand functions : d(p) = 10 -3p for any price less than or equal to (10)/(3) and d_(1)(p) 0 at any price greater than (10)/(3) . What is the market demand funciton ?

If the demand function p is given by x=(600-p)/(8), where the price is Rs p per unit and the manufacturer produces x unit per week at the total cost of Rs.x^(2)+78x+2500 then find the value of x for which the profit is maximum

The are 10,000 identical individual buyers in the market for commodity X, each with a demand fucntion given by Qdx=12-2Px and 1,000 indentical producers of commodity X, each with a supply function given by Qsx=20Px. (i) Find the market demand function and the market supply function for commodity X. (ii) Obtain the equilibrium price and equilibrium quantity. (iii) Suppose the government decides to collect a tax of rupee 2 per unit sold from each of the 1,000 sellers of commodity X. What effect will this have on the equilibrium price and quantity of commodity X?

Factors Affecting The Elasticity of Demand|Elasticity of Demand|Questions

Factors Affecting The Elasticity of Demand|Elasticity of Demand|Questions

Factors Affecting The Elasticity of Demand|Elasticity of Demand|Questions

Factors Affecting The Elasticity of Demand|Elasticity of Demand|Questions

Demand Introduction|Factors Affecting Demand|Law of Demand