Suppose that three consumers are in the market for good X.Consumer 1's (inverse)demand is P_X = 20 − Q_X; Consumer 2's (inverse)demand is P_X = 20 − 2Q_X; and Consumer 3's (inverse)demand is P_X = 20 − 4Q_X.When P_X = $10,the market will demand: A) 17.5 units and the inverse market demand curve is P_X = 20 − 0.5714Q_X. B) −30 units and the inverse market demand curve is P_X = 60 − 7Q_X. C) 17.5 units and the inverse market demand curve is P_X = 60 − 7Q_X. D) None of the preceding statements is correct.

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The Answer of Suppose that three consumers are in the market for good X.Consumer 1's (inverse)demand is P_X = 20 − Q_X; Consumer 2's (inverse)demand is P_X = 20 − 2Q_X; and Consumer 3's (inverse)demand is P_X = 20 − 4Q_X.When P_X = $10,the market will demand: A) 17.5 units and the inverse market demand curve is P_X = 20 − 0.5714Q_X. B) −30 units and the inverse market demand curve is P_X = 60 − 7Q_X. C) 17.5 units and the inverse market demand curve is P_X = 60 − 7Q_X. D) None of the preceding statements is correct.

Suppose That Three Consumers Are in the Market for Good