Suppose that Zimal and Zawaiyar are the only consumers of perfumes in a particular market. The following table shows their annual demand schedules: Price (Per Bottle of Perfume)Zimal’s Quantity DemandedZawaiyar’s Quantity DemandedMarket Supply100600650250200500550450300400450850400300350105050020025012506001001501450Given the following information construct market demand curve and find the market equilibrium.

The market demand is the sum of all individuals demand. Since there is only two individuals or…

Answered: Suppose that Zimal and Zawaiyar are the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose that Zimal and Zawaiyar are the only consumers of perfumes in a particular market. The following table shows their annual demand schedules:

Price (Per Bottle of Perfume)	Zimal’s Quantity Demanded	Zawaiyar’s Quantity Demanded	Market Supply
100	600	650	250
200	500	550	450
300	400	450	850
400	300	350	1050
500	200	250	1250
600	100	150	1450

Given the following information construct market demand curve and find the market equilibrium.

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