The market for lemon has 10 potential consumers, each having an individual demand curve P = 101 - 10Q. a. Find the market demand curve by using algebra. b. Draw an individual demand curve and Market demand curve. c. What is the quantity demanded by each consumer and in the market as a whole when lemon is priced at P = 1/Cup?​

Individual demand curve : P = 101 - 10Qi

Market demand curve : P = 101 - 10*10Qi or P = 101 - 100Qi (for 10 potential customers)

When lemonade is priced at $1/cup, Individual quantity = 10

Market quantity = 1

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