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Frost Frost
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4 years ago

How does the construction of a market demand curve for a private good differ from that for a public good?



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The market demand curve for a private good is determined by adding up the quantities demanded by each consumer at each price but the market demand curve for a public good is determined by adding up the price each consumer is willing to pay for each quantity of the good.



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There is no difference; in both cases the demand curve is determined by adding up the price each consumer is willing to pay for each quantity of the good.



▸

There is no difference; in both cases the demand curve is determined by adding up the quantities demanded by each consumer at each price.



▸

The market demand curve for a private good is determined by adding up the price each consumer is willing to pay for each quantity of the good but the market demand curve for a public good is determined by adding up the quantities demanded by each consumer at each price.

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InMicro

InMicro


Edition: 1st
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rinderbikrinderbik
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4 years ago
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Frost Author
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4 years ago
Good timing, thanks!
sweetalia
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Yesterday
Smart ... Thanks!
SlimyPencil
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2 hours ago
this is exactly what I needed
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