Question

There are only two consumers in a market X and Y. Their demand for a good is given below. Calculate the market demand for the goods and draw the market demand curve.

Answer 1

| Price | Demand- X | Demand-Y | Market Demand (x + y) |
| 2 | 16 | 20 | 36 |
| 4 | 14 | 18 | 32 |
| 6 | 12 | 15 | 27 |
| 8 | 10 | 12 | 22 |
| 10 | 8 | 10 | 18 |
| 12 | 6 | 8 | 14 |

Quantities Demanded.