Suppose that 1,000 people in a market each have the same monthly demand curve for bottled water, given by the equation QD = 100 - 25P, where P is the price for a 12-ounce bottle in dollars.
A. How many bottles would be demanded in the entire market if the price is $1.00?
B. How many bottles would be demanded in the entire market if the price is $2.00?
C. Provide an equation for the market demand curve, showing how the market quantity demanded by all 1,000 consumers depends on the price.