Question: 1. 5.3 Based on information in the Application The Demand Elasticities for Google Play and Apple Apps, the demand function for mobile applica tions at

1. 5.3 Based on information in the Application “The Demand Elasticities for Google Play and Apple Apps,” the demand function for mobile applica tions at the Apple App Store is QA = 1.4p-2 and the demand function at Google Play is 1.4p-3.7, where the quantity is in millions of apps. These demand functions are equal (cross) at one price. Which one?

What are the elasticities of demand on each demand curve where they cross? Explain. (Hint: You can answer the last problem without doing any calcula tions. See Solved Problem 2.3.) M

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