Suppose that the inverse demand function for movies is (p=120-Q_{1}) for college students and (p=120-2 Q_{2}) for

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Suppose that the inverse demand function for movies is \(p=120-Q_{1}\) for college students and \(p=120-2 Q_{2}\) for other town residents. What is the town's total demand function \(\left(Q=Q_{1}+Q_{2}ight.\) as a function of \(p\) )? Use a diagram to illustrate your answer.

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Microeconomics

ISBN: 9781292215624

8th Global Edition

Authors: Jeffrey Perloff

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