How many bottles would be demanded in entire market

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Q. Suppose that 1,000 people in a market each have same monthly demand curve for bottled water, given by equation QD = 100 - 25P, where P is price for a 12-ounce bottle in dollars. A. How many bottles would be demanded in entire market if price is $1.00? B. How many bottles would be demanded in entire market if price is $2.00? C. Provide an equation for market demand curve, showing how market quantity demanded by all 1,000 consumers depends on price.

Reference no: EM1369310

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