5.26. Suppose that Bart and Homer are the only people in Springfield who drink 7-UP. Moreover their...

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5.26. Suppose that Bart and Homer are the only people in Springfield who drink 7-UP. Moreover their inverse demand curves for 7-UP are, respectively, P ! 10 " 4QB and P ! 25 " 2QH, and, of course, neither one can consume a negative amount. Write down the market demand curve for 7-UP in Springfield, as a function of all possible prices.

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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