Which of the Following Is True of a Public Good

question 15

Multiple Choice

Which of the following is true of a public good?

• A)The demand curve for a public good is clearly defined because each consumer consumes the same quantity of the good.
• B)The demand curve for a public good is clearly defined because each individual pays the same price.
• C)The demand curve for a public good may not exist because individuals can consume the good without being forced to pay a market price for the good.
• D)The supply curve of a public good may not exist because individuals can consume the good without being forced to pay a market price for the good.
• E)The supply curve of a public good is perfectly elastic as a small increase in the price leads to an infinite increase in the supply of the good.

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Definitions:

Nurture Spirit

The process of fostering personal growth, emotional well-being, and a sense of purpose.

Well-balanced Diet

A nutritional regime that includes a variety of foods in the right proportions to sustain health and energy levels.

High-fiber

Referring to foods or diets containing a significant amount of dietary fiber, beneficial for digestive health.

Knees Bent

A position in which the knees are moved away from their straight alignment and towards the body, often to lower one's stance or prepare for an activity.