Materials from Class > Mon 9/11

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:


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 08/25/2023