Question: 1. (14 marks) Suppose the market for laser pointers consists of 2 types of people: profes- 1 sors and cat lovers. The professors have an

1. (14 marks) Suppose the market for laser pointers consists of

1. (14 marks) Suppose the market for laser pointers consists of 2 types of people: profes- 1 sors and cat lovers. The professors have an individual demand of qpmf : 13 31 3 and the cat lovers have an individual demand of (lost = '20 5P. (a) (b) (4 marks) If there are 30 consumers with a demand of qpmf and 8 consumers with a demand of (10\

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