🎯 Market Price
Price Pₓ $2.00
👥 Two Consumers
Alice
Q = 25.0
Income M₁ $100
Preference α₁ 0.50
Bob
Q = 30.0
Income M₂ $120
Preference α₂ 0.50
Market Demand
25.0 + 30.0 = 55.0
Qmarket(P) = Q₁(P) + Q₂(P)
= α₁M₁/P + α₂M₂/P
Alice's Budget & IC
Bob's Budget & IC
Demand Curves → Market Demand
Alice
Bob
Market