question archive Suppose there are two buyers in a market with the following demand functions

Suppose there are two buyers in a market with the following demand functions

Subject:EconomicsPrice:3.89 Bought7

Suppose there are two buyers in a market with the following demand functions.

Demand 1: P = 210 - 1.9Q

Demand 2: P = 168 - 0.9Q

Which of the following points is not on the market demand curve?

Select one:

a. P = 112.00, Q = 113.80

b. P = 189.00, Q = 11.05

c. P = 168, Q = 22.11

d. P = 56.00, Q = 193.05

I don't think it's solvable through normal measures, how does this work?

Option 1

Low Cost Option
Download this past answer in few clicks

3.89 USD

PURCHASE SOLUTION

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 7 times

Completion Status 100%

Related Questions