In the market for blue popcorn, there are three groups of consumers. The demand function of each consumer in group 1 is given by D1( p) = 20 - p The demand function of each consumer in group 2 is given by D2( p) = 10 - p The demand function of each consumer in group 3 is given by D3( p) = 10 - 2p If there are 1,000 consumers in each group, what is the market demand function for blue popcorn?

In the market for blue popcorn, there are three groups of consumers. The demand function of each consumer in group 1 is given by D1( p) = 20 - p The demand function of each consumer in group 2 is given by D2( p) = 10 - p The demand function of each consumer in group 3 is given by D3( p) = 10 - 2p If there are 1,000 consumers in each group, what is the market demand function for blue popcorn?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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