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Jim and Alice are the only customers of a local gas station. Jim drives a motorcycle; Alice, a sport utility vehicle. Jim's demand for gasoline
Jim and Alice are the only customers of a local gas station. Jim drives a motorcycle; Alice, a sport utility vehicle. Jim's demand for gasoline is given by QJ = 15 - 3P, while Alice's is given by QA = 30 - 5P.
1.Compute the market demand equation for gasoline.
2.Draw a diagram showing the market demand for gasoline.
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