Question
This questions is an economics question consisting of different parts. In the following question, answer all parts. Please show your work and write legibly A
This questions is an economics question consisting of different parts. In the following question, answer all parts. Please show your work and write legibly A new streaming platform SP has zero marginal cost of allowing access to a user to their platform. Assume there're two types of market people in the United States, Movie watchers and TV shows watchers, each having 50. The demand of Movie watchers for SP is D1(p) = 100 - 2p for p >= 25 and D1(p) = 50 for p < 25. The demand of TV shows watcher for SP is D2(p) = 50 - 2p
* 1. Draw a graph representing demand curve for movie watchers.
* 2. Draw a graph representing demand curve for TV shows watchers.
* 3. Calculate the aggregate market demand of both Movie watchers and TV shows watchers for SP.
* 4. Draw the aggregate demand curve for Movie watchers and TV shows watchers.
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