Return to question hree individual demand schedules below, and assuming these th

Question

Return to question hree individual demand schedules below, and assuming these three people are the only ones in the society, determine (j the market onthe astepntetthe good is a phate good sd tite coleche demand schedule on he assumpone re good apbk goed On the basis of the t Ester your answers es whole numbers the groy-shaded cels O Answer is complete but not entirely correct. a) Private Demand Individual #1 Individual 2 individual 83 (bl Public Demand ad 60 13 0 120 5 07 M> ion command command option

Explanation / Answer

I REQUEST YOU TO PLEASE RATE THE ANSWER AS THUMBS UP. THANKS A LOT.

Individual 1 Individual 2 Individual 3 Private Demand Public Demand Price Qty Price Qty Price Qty Price Qty Price Qty 8 0 8 1 8 1 8 2 22 (=6+8+8) 1 7 0 7 2 7 2 7 4 19 (=5+7+7) 2 6 1 6 3 6 3 6 7 16 (=4+6+6) 3 5 2 5 4 5 4 5 10 13 (=3+5+5) 4 4 3 4 5 4 5 4 13 10 (=2+4+4) 5 3 4 3 6 3 6 3 16 7 (=1+3+3) 6 2 5 2 7 2 7 2 19 4 (=2+2) 7 1 6 1 8 1 8 1 22 2 (=1+1) 8 For public demand, you need to add the prices for the different quantities.

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.