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Derivation of the Market Demand Curve.
Assume the individual demand curves for three consumers:
Q demanded Daniel = 10 - 0.05 P
Q demanded Sandra = 24 - 1.5 P
Q demanded Felix = 32 - 4 P
Please derive demand curve for this market assuming that there are no other consumers. Please show your work clearly and illustrate graphically. Note that your market demand curve may have more than one "kink", so please specify on your graph the price and the quantity demanded corresponding to each "kink".
Trucks are obligatory to pass through a weighing station so that they can be checked for weight violations. Trucks reach at the station at the rate of 40 an hour between 7pm and 9pm.
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