The total demand for a public good is found by
A) horizontally summing all individual demands.
B) vertically summing all individual demands.
C) finding the demand from the median voter.
D) dividing the marginal cost of the good by the number of voters.

Question

Quizplus · Accepted Answer

The total demand for a public good is found by vertically summing all individual demands because each individual's valuation of the public good at each quantity is added together to find the total value to society at that quantity.

The Total Demand for a Public Good Is Found by