Is $L^p\cap L^q$ a real intersection?

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For $p\neq q$, is the notation $L^p\cap L^q$ a set-theoretic intersection, or an intersection taken with respect to some topological embeding ? Since $L^p$'s elements are equivalence classes, I am not sure that such [classes of] functions live in the same "space" (strictly speaking).

Thanks for answers :)