The Reason the Demand Curve for a Public Good Is

question 115

Multiple Choice

The reason the demand curve for a public good is constructed differently from that for a private good is that

• A) all consumers will have the same amount of the public good.
• B) all consumers have the same reservation price for the public good.
• C) different consumers can consume different amounts of the public good.
• D) government is going to provide the good.
• E) tax revenues will be used to pay for the public good.

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Definitions:

Wavelength

The distance between successive crests of a wave, especially points in a sound wave or electromagnetic wave, which determines its color and energy.

Physical Characteristics

The observable attributes or features of an organism, such as height, eye color, and body type.

Saturation

The point at which a substance cannot absorb or dissolve any more of another substance, or in media, the state of being completely filled with content.

Physical Characteristics

The defining traits or features of a person's body, including height, weight, skin color, hair type, and facial features.