The market for lemon has 10 potential consumers,each having an individual demand curves… 1 answer below »


The trade for lemon has 10 virtual consumers,each having an personal claim incurvations p=101-10qi, where p is appraisement in dollars per cup and qi is the number ofcups claimed per week by the i th consumer. Finde the trade claim incurvation using algebra. Draw an personal claim incurvation and the trade claim incurvation. What is the part claimed by each consumer and in the trade as ahole when lemon is appraisementd at p=$1/cups?