The Market Demand for a Public Good Can Be Determined

question 6

Multiple Choice

The market demand for a public good can be determined by

• A)adding up the total private benefits and external benefits that each quantity provides the citizens of a country.
• B)adding up how much each citizen expects to consume at each possible price.
• C)adding up how much each consumer is willing to pay for each unit of the public good.
• D)estimating the value of the benefit that each unit provides and multiplying that by the number of consumers.

---

Definitions:

Jurisdiction

The official power to make legal decisions and judgments, often defined by geographic territory or specific types of cases.

Relevant Statute

Refers to a law or act that is pertinent to a particular legal case or matter.

Case Law

Law established by the outcome of previous court rulings rather than statutes or written legislation, often used as a guideline for deciding similar cases.

Administrative Agencies

Government bodies responsible for implementing, overseeing, and enforcing laws and regulations within specific areas of government responsibility.