Answer to Question #142345 in Finance for Mr. Dinesh Pal Singh

Question #142345
32. A market consists of two individuals. Their demanded equations are Q1 = 16- 4P and Q2 = 20 –2P, respectively.
What is the market demand equation?
At a price of $2, what is the point price elasticity for each person and for the market?
1
Expert's answer
2020-11-04T01:47:39-0500
Dear Mr. Dinesh Pal Singh, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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