The Construction of a Market Demand Curve for a Private

question 87

Multiple Choice

The construction of a market demand curve for a private good differs from that for a public good in that

• A)there is no difference; in both cases the demand curve is determined by adding up the price each consumer is willing to pay for each quantity of the good.
• B)there is no difference; in both cases the demand curve is determined by adding up the quantities demanded by each consumer at each price.
• C)the market demand curve for a private good is determined by adding up the quantities demanded by each consumer at each price, but the market demand curve for a public good is determined by adding up the price each consumer is willing to pay for each quantity of the good.
• D)the market demand curve for a private good is determined by adding up the price each consumer is willing to pay for each quantity of the good, but the market demand curve for a public good is determined by adding up the quantities demanded by each consumer at each price.

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