Question: Suppose that the demand function for movies is Q 1 = 120 - p for college students and Q 2 = 60 - 0.5p for

Suppose that the demand function for movies is Q₁ = 120 - p for college students and Q₂ = 60 - 0.5p for other town residents. What is the town’s total demand function (Q = Q₁ + Q₂ as a function of p)? Carefully draw a figure to illustrate your answer. M

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