Question -
Answer -
_D_1_(_p_)=_20_−_P_ forany price than less 20, and _D_1_(_p_)=_0_ atany price greater than or equal to 20. _D_2_(_p_)=_30_−_2_P_ forany price less than 15 and _D_2_(_p_)=_0_ atany price greater than or equal to 15. Find out the market demand function.
Answer
It can be seen from the given demand functionsthat Consumer 1 do not want to demand the goods for any price greater than orequal Rs.20 and consumer 2 do not want to demand the goods for any pricegreater than Rs 15.
_Hence, the market demand function will be,
_