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1 Suppose that you, Jennifer, and Yixiu constitute the market for DVDs

Economics Nov 07, 2020

1 Suppose that you, Jennifer, and Yixiu constitute the market for DVDs. Your demand for DVDs is illustrated in the graph to the right (D), along with Jennifer's demand (D) and Yixiu's demand (0) Using the line drawing tool, construct the market demand curve for DVDs. To do this, you will need to use three line segments labeled Document, Dagment, and Dogs Carefully follow the instructions above, and only draw the required objects Price or DVDs 22 2010 18 10 14 1042 0 24 10 12 14 16 18 20 22 24 280 Quaraty of DVDS

Expert Solution

Price D1 D2 D3 Market Demand
30 0 0 0 0
28 0 0 0.8 0.8
26 0 0 1.6 1.6
24 0 0 2.4 2.4
22 0 0 3.2 3.2
20 0 0 4 4
18 0 0.4 4.8 5.2
16 0 0.8 5.6 6.4
14 0 1.2 6.4 7.6
12 0 1.6 7.2 8.8
10 0 2 8 10
8 2 2.4 8.8 13.2
6 6 2.8 9.6 18.4
4 8 3.2 10.4 21.6
2 10 3.6 11.2 24.8
0 12 4 12 28

 

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