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Cambridge College Economics Elasticity of Demand Questions
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Listed below are the demand curves for CDs for each member of the Parker family.
Family Member Demand
- Aaron QA = 200 – 3P
- Betty QB = 100 – 10P
- Cornwall QC = 150 – P
a) Use this information to determine the Parker’s aggregate family demand for CDs.
b) Graph the aggregate family demand for CDs. Be sure to label your diagram completely.
