16.18. Ali burgers. There are two types of consumers of Ali burg- ers: type a consumers have demand given by qa = 10-p; and type b have demand given by qb=20-2p. There are 1,000 type a con- sumers and 400 type b consumers. (a) Plot the individual demands of types a and b. (b) Determine the market demand for Ali burgers as well as its inverse.

16.18. Ali burgers. There are two types of consumers of Ali burg- ers: type a consumers have demand given by qa = 10-p; and type b have demand given by qb=20-2p. There are 1,000 type a con- sumers and 400 type b consumers. (a) Plot the individual demands of types a and b. (b) Determine the market demand for Ali burgers as well as its inverse.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter6: Demand Relationships Among Goods

Section: Chapter Questions

Problem 6.4P

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