Business
Business, 28.10.2019 23:31, constipatedcow18

Suppose the market was made up of two demanders. demander 1 has a demand function given by: qd = 50 - 5p. demander 2 has a demand function given by: qd = 100 - 5p. the horizontal summation of these two demand functions will, when graphed, have a kink (point where the slope changes). determine the price associated with the kink in the total demand function. (do not include a dollar sign in your response. round to the nearest 2 decimal places if necessary.)

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Suppose the market was made up of two demanders. demander 1 has a demand function given by: qd = 50...

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