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Market demand equation for the fruit seller

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Reference no: EM13903364

There is a fruit seller who has 30 Kgs of apples to be sold and he wants to fix a price so that all the apples are sold. There are three customers in the market and their individual demand functions are given below:

D1=25-.05P

D2=20-.025P

D3=15-.075P

Where D is the demand and P is the price

Determine :

  • Market demand equation for the fruit seller.
  • Price at which he can sell all the apples.
  • Individual demands of each of the three customers.

Reference no: EM13903364

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