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Consumers have demands d1 = 10 - p and d2 = 15 - p. What is market demand at a price of 4?
A17
B11
C6
D25
Answer & Solution
Correct answer: A. 17
At p = 4, d1 = 6 and d2 = 11, which add to 17, matching 25 - 2p.
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