There are 10 consumers in the market, each with the following demand curve: Q = 100 - 0.5P. In a graph of the market demand curve, its slope ($\Delta$P/$\Delta$Q) would equal:

Question

Quizplus · Accepted Answer

The individual demand curve is Q = 100 - 0.5P, so the slope ($\Delta$P/$\Delta$Q) is -2 (since $\Delta$Q/$\Delta$P = -0.5, the inverse is -2). For 10 consumers, the market demand curve is Q = 1000 - 5P, so the slope is -0.20.

There Are 10 Consumers in the Market, Each with the Following