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There Are Two People in an Economy

Question 3

Multiple Choice

There are two people in an economy.Person A's demand for a public good is Q = 10 - P and person B's demand is Q = 20 - 2P.The highest total that A and B will be willing to pay for six units of the public good is


A) $3
B) $4
C) $7
D) $11

Correct Answer:

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