In a very small town, Bill and Jared are the only potential buyers from the local fisherman. Bill's demand function for pounds of fish is given by q=20 - p, where g is the number of pounds of fish demanded, and p is the price of a pound of fish. Jared has the same reservation price as Bill. However, at any price below the reservation price, Jared is willing to buy twice as many pounds of fish as Bill. Part 1 (3.3 points) The market demand curve intersects the price axis at a price of $ , and it intersects the quantity axis at a quantity of Part 2 (1.7 points) The absolute value of the price elasticity of demand is constant increases decreases as we move from left to right along the demand curve.