There are 10 consumers in a market each with identical


There are 10 consumers in a market, each with identical quasilinear demand equal to u(x,y) = ln(x) + y. What is the total market demand? (i.e. what is the relationship between the price and the total market demand?). What is the elasticity of demand?

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Business Economics: There are 10 consumers in a market each with identical
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