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  3. a estimate the linear demand curve for theater movies that...

Question: a estimate the linear demand curve for theater movies that...

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a. Estimate the linear demand curve for “theater movies” that best approximates the data and graph it.

Budget Price of Theater Movies Price of Home Videos Quantity of Theater Movies Quantity of Home Videos
100 20 2 3 25
100 15 2 3 25
100 10 2 5 25
100 6 2 8 25

b. What is the point (price and quantity) at which demand is “unit elastic”?

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