3. Yunha's demand for pineapples is: Qy = 15 – 5P %3D Sydney's demand for pineapples is: Qs =20– 2P where Qy is the quantity demanded by Yunha, Qs is the quantity demanded by Sydney, and P is the price. Suppose these are the only two consumers of pineapples in the market. a) | Graph Yunha’s and Sydney's demand for pineapples. b) Derive the equations for the market demand for pineapples (Hint: There is a kink, so there are two equations!). c) On the same graph as part (a), graph the market demand "curve" for pineapples.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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3. Yunha's demand for pineapples is: Qy = 15 – 5P
Sydney's demand for pineapples is: Qs = 20 – 2P
where Qy is the quantity demanded by Yunha, Qs is the quantity demanded by Sydney,
and P is the price.
Suppose these are the only two consumers of pineapples in the market.
a)
Graph Yunha's and Sydney's demand for pineapples.
b)
|Derive the equations for the market demand for pineapples (Hint: There is a
kink, so there are two equations!).
c)
TOn the same graph as part (a), graph the market demand "curve" for
pineapples.
Transcribed Image Text:3. Yunha's demand for pineapples is: Qy = 15 – 5P Sydney's demand for pineapples is: Qs = 20 – 2P where Qy is the quantity demanded by Yunha, Qs is the quantity demanded by Sydney, and P is the price. Suppose these are the only two consumers of pineapples in the market. a) Graph Yunha's and Sydney's demand for pineapples. b) |Derive the equations for the market demand for pineapples (Hint: There is a kink, so there are two equations!). c) TOn the same graph as part (a), graph the market demand "curve" for pineapples.
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