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Total amount of the good demanded

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An economy has 100 consumers of type 1 and 200 consumers of type 2. If the price of the good is less than $10, then each type 1 consumer demands 10 - p units of the good; otherwise each type 1 demands zero. If the price of the good is less than 8, then each type 2 demands 24 - 3p; otherwise each type 2 demands zero. If the price of the good is 6, then the total amount of the good demanded will be

(Explain your answer. Unexplained answers will get zero)

  • 1,600 units.
  • 1,800 units.
  • 2,000 units.
  • 420 units.
  • 1,200 units.

Reference no: EM131051202

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