Question
Suppose there are 60 type-one citizens, each of whom has a demand for state parks (a public good, measured in square miles) given by Q=
Suppose there are 60 type-one citizens, each of whom has a demand for state parks (a public good, measured in square miles) given by Q= 200 - 2P, and there are 40 type-two citizens, each having a demand for state parks given by Q = 600 - 4P.
What is the vertical summation of the 100 citizens' demands?
a. Q= 360 - 2.8P
b. Q = 800 - 6P
c. Q= 36000 - 280P
d. P=12000 - 40Q
e. P=120 - 0.4Q
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Economics
Authors: John Sloman, Jon Guest, Dean Garratt
10th edition
1292187859, 9781292187907 , 978-1292187853
