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In the town of Reese, there are two kinds of consumers of pumpkin: Ice cream makers: People who buy pumpkins to make pumpkin ice cream
In the town of Reese, there are two kinds of consumers of pumpkin: Ice cream makers: People who buy pumpkins to make pumpkin ice cream and piemakers: people who buy pumpkins to make pumpkin pie. Each ice cream maker has an inverse (price as a function of quantity) demand function for pumpkins: P = 8 - (1/4) qI. Each piemaker has an inverse demand function for pumpkins: P = 12 - (1/3)qP. q is number of pumpkins and P is in dollars. There are 60 ice cream makers and 50 piemakers
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