Question 1
For private goods, market demand is the ________ summation of individual demand curves and for public goods, market demand is the ________ summation of individual demand curves.
◦ horizontal; vertical
◦ vertical; horizontal
◦ horizontal; horizontal
◦ vertical; vertical
Question 2
Refer to the information given in Table 16.5 below to answer the question that follows.


Refer to Table 16.5. A point on the market demand curve for this public good would be: at a price of ________ quantity demanded would be ________.
◦ $30; 5
◦ $50; 3
◦ $100; 1
◦ $110; 1