Materials from Class - 2021-9 > Mon 9/13

Daily exercise on market demand

Suppose a market has three (3) buyers, one (1) person of type A and two (2) people of type B. The WTP for an individual (one person) of each type is shown below:

`WTP_A = 200-(1/4)Q_A`
`WTP_B = 200 - Q_B`

Please derive the market demand equation. Then calculate its intercepts, plot it, and submit a scan of your work.

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Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 11/03/2021