Q.1.In a small town in North India where winter temperatures are very low, the demand function for a truckload of firewood for college students in a small town is Q_c = 400 - p. Therefore, the inverse demand function for college students is p = 400 - Q_c. The demand function for other town residents is Q_r = 400 - 2p.Solve the following & Show all your calculations. [1 + 2 + 2 = 5]

(a)What is the inverse demand function for other town residents?

(b)At a price of Rs.300, will college students buy any firewood? What about other town residents? At what price is the quantity demanded by other town residents zero?

(c)Draw the total demand curve, which sums the demand curves for college students and other residents. Clearly label X-axis and Y-axis. Draw the curve for at least five points.