Suppose Scott's demand for a public good is P = 7 - .3Q and Mike's demand is P = 10 - 1.5Q. The equation for the total demand for the public good is:

Question

Quizplus · Accepted Answer

To get the total demand, we sum up the individual demands, which gives us:

P(total) = P(Scott) + P(Mike)
P(total) = (7 - 0.3Q) + (10 - 1.5Q)
P(total) = 17 - 1.8Q

Therefore, the equation for the total demand for the public good is P = 17 - 1.8Q, which corresponds to choice (B).

Suppose Scott's Demand for a Public Good Is P =