Suppose N consumers each have an identical demand curve for a good is given by Q = a - bp,where Q is the quantity demanded,p is the price,and a and b are positive constants.What is the market demand curve? Is the slope (in price)of the market demand greater or less than the slope of each individual demand curve?

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The Answer of Suppose N consumers each have an identical demand curve for a good is given by Q = a - bp,where Q is the quantity demanded,p is the price,and a and b are positive constants.What is the market demand curve? Is the slope (in price)of the market demand greater or less than the slope of each individual demand curve?

Suppose N Consumers Each Have an Identical Demand Curve for a Good