uppose that there two types of consumers: students (S) and non-students (NS). The demand for a trip to Canada for students is Qs=1600-4P and for non-students QNs=2700-3P where P represents the price of a round trip. Find the total market demand. Draw a graph of the total demand.

uppose that there two types of consumers: students (S) and non-students (NS). The demand for a trip to Canada for students is Qs=1600-4P and for non-students QNs=2700-3P where P represents the price of a round trip. Find the total market demand. Draw a graph of the total demand.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 7P

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2. Suppose that there two types of consumers: students (S) and non-students (NS). The demand
for a trip to Canada for students is Qs=1600-4P and for non-students QNs=2700-3P where P
represents the price of a round trip.
Find the total market demand. Draw a graph of the total demand.

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