1. Assume a market with only two individuals, A and B. The demand of individual A is Q = 10 - P, and individual B is Q" = 5- 2P. Find and graph: The market demand, assuming the good is a pure public god. b. The market demand, assuming the good is a pure private good. a. Hint: Make sure to identify all the kinks throughout the market demands at specifics Q and P.
1. Assume a market with only two individuals, A and B. The demand of individual A is Q = 10 - P, and individual B is Q" = 5- 2P. Find and graph: The market demand, assuming the good is a pure public god. b. The market demand, assuming the good is a pure private good. a. Hint: Make sure to identify all the kinks throughout the market demands at specifics Q and P.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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