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1. Consider the demand and supply curves in the market for Marvel movies: Qa(p, I) = 4 - 3p+ I Q& (P) = 2+p where

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1. Consider the demand and supply curves in the market for Marvel movies: Qa(p, I) = 4 - 3p+ I Q& (P) = 2+p where I is the income of movie goers. (a) Solve for the equilibrium price and quantity as a function of movie goers income I. That is, find Q(I) and Pe(I)

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