To derive the market demand curve for a private good,one sums the __________.For a public good,one sums the __________.

Question

Quizplus · Accepted Answer

To derive the market demand curve for a private good, one sums the individual quantities at various prices, while for a public good, one sums the individual prices at various quantities. Therefore, option C - individual quantities at various prices for a private good and individual prices at various quantities for a public good - is the correct choice.

To Derive the Market Demand Curve for a Private Good,one