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1 +5678 9 110 111 112 113 15:16 13. Cool company is a local seller of milk. They have determined that the market is composed

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1 +5678 9 110 111 112 113 15:16 13. Cool company is a local seller of milk. They have determined that the market is composed of two segments, young and elderly, and that the demand curve for each segment is as follow: young: Xx-200-4p elderly: Xe = 340-5p where p is the price of milk in dollars. a. If p=35, what is the quantity demanded by young and the quantity demanded by elderly? ANSWER: b. What is the market demand function (total demand as a function of p)? ANSWER: c. What is the demand function for young and elderly when 50

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