You are the only pharmacist in a small town; the next closest drugstore is 50 miles away. The population in your town consists of young farmers and…

You are the only pharmacist in a small town; the next closest drugstore is 50

miles away. The population in your town consists of young farmers and older retired

families. You have noticed that the young farmers are less sensitive to price changes

than the retired population. Specifically, you have found that the working population