An Economy Has 100 Consumers of Type 1 and 200

question 19

Multiple Choice

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

• A)1,600 units.
• B)1,800 units.
• C)2,000 units.
• D)420 units.
• E)1,200 units.

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Definitions:

Neural Impulse

An electrical signal that travels along neurons, facilitating communication within the nervous system.

Action Potential

Action potential is the rapid change in electrical charge across a neuron's membrane, allowing for the transmission of nerve signals.

Interneurons

Neurons that transmit impulses between other neurons, especially as part of a reflex arc in the spinal cord or between sensory and motor neurons.

Messages

Pieces of information or communication transmitted between individuals through various means, including speech, writing, or signals.