Asked by Ron
Opera CD buyers are located in New York and Los Angeles. At the current price for a CD, $25 in both New York
and Los Angeles, aggregate demand for Opera CD is 10,000 units (i.e. the sum of the demand in New York and Los Angeles); and the price elasticity of demand for Opera CD in New York and Los Anglees are -3 and -7 respectively. If the slope of each demand curve in New York is the same as in Los Angeles, then the quantity of Opera CDs demanded in Los Angles is?
and Los Angeles, aggregate demand for Opera CD is 10,000 units (i.e. the sum of the demand in New York and Los Angeles); and the price elasticity of demand for Opera CD in New York and Los Anglees are -3 and -7 respectively. If the slope of each demand curve in New York is the same as in Los Angeles, then the quantity of Opera CDs demanded in Los Angles is?
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