The demand curve of two consumers are $d_1(p)=10-p$ and $d_2(p)=15-p.$ Find the market demand when price is 16 for the commodity.

0

The market demand curve represents the demand of all consumers in the market

Therefore Market Demand= $d_1(p) + d_2(p)$

Price (p)= 16

Thus, Demand= 10-16+15-16

                    = -7

However, demand cannot be negative in this context, so we consider it as 0.

So, the correct answer is: 0