(Figure: Good Y and Good X X)
Clark, Lois, Arthur, and Oliver are the only consumers in the market for kayaks; their inverse demand curves, respectively, are as follows:
P = 5,000 - 1,000Q_C
P = 4,000 - 1,000Q_G
P = 3,000 - 500Q_B
P = 3,000 - 1,500Q_P
What is the market demand curve for kayaks based on these four individuals?

Question

(Figure: Good Y and Good X X)

Clark, Lois, Arthur, and Oliver are the only consumers in the market for kayaks; their inverse demand curves, respectively, are as follows:
P = 5,000 - 1,000Q_C
P = 4,000 - 1,000Q_G
P = 3,000 - 500Q_B
P = 3,000 - 1,500Q_P
What is the market demand curve for kayaks based on these four individuals?

Quizplus · Accepted Answer

The Answer of (Figure: Good Y and Good X X) Clark, Lois, Arthur, and Oliver are the only consumers in the market for kayaks; their inverse demand curves, respectively, are as follows: P = 5,000 - 1,000Q_C P = 4,000 - 1,000Q_G P = 3,000 - 500Q_B P = 3,000 - 1,500Q_P What is the market demand curve for kayaks based on these four individuals?