The Total Demand for a Public Good Is Found by

question 111

Multiple Choice

The total demand for a public good is found by

• A) horizontally summing all individual demands.
• B) vertically summing all individual demands.
• C) finding the demand from the median voter.
• D) dividing the marginal cost of the good by the number of voters.

Understand the concept of movement along versus shifts in the demand curve.

Identify the effects of complementary and substitute goods on demand.

Recognize how a change in the number of consumers affects market demand.

Understand how changes in consumer income affect demand for goods.

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