Demand curves for pure public goods satisfy the law of demand.

Name: Demand curves for pure public goods satisfy the law of demand.
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Question

Quizplus · Accepted Answer

Pure public goods are non-excludable and non-rivalrous. The law of demand states that, all other things being equal, as the price of a good increases, the quantity demanded of that good decreases. However, for pure public goods, the price is zero, so the law of demand does not apply.

Demand Curves for Pure Public Goods Satisfy the Law of Demand