1.7 Suppose that the inverse demand function for movies is p = 120 - Q1 for college...
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1.7 Suppose that the inverse demand function for movies is p = 120 - Q1 for college students and p = 120 - 2Q2 for other town residents. What is the town’s total demand function (Q = Q1 + Q2 as a function of p)? Use a diagram to illustrate your answer. (Hint: See the Application “Summing the Corn Demand Curves.”) A
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