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Consider the market for earmuffs; there are two buyers, John and Joe. John has a demand function given by D(p)=16-3P and Joe has a demand function given by D(p)=30-2p. (both demand functions are implicitly bounded below by 0) If earmuffs sell for $5 each, how many total earmuffs will be sold in the market?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9499592

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