In the Case of a Public Good, a Demand Curve

question 69

Multiple Choice

In the case of a public good, a demand curve that shows the marginal benefit of the good is:

• A) nonexistent.
• B) the horizontal sum of individual demand curves.
• C) the vertical sum of individual demand curves.
• D) perfectly inelastic.

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Definitions:

Diary Research

A qualitative research method that involves participants keeping a record of their activities, thoughts, or feelings over a period of time for later analysis by researchers.

Social Movements

Collective, organized efforts to promote or resist change in society.

Text Messages

Short, digital messages sent between mobile devices, utilizing standardized communication protocols to exchange brief texts.

Internal Validity

The extent to which a study or experiment can establish a cause-and-effect relationship within its scope, free from external influences.