On the basis of the three individual demand schedules in the following table, and assuming these are the only three people in the society, determine (a) the market demand schedule on the assumption that the good is a private good and (b) the collective demand schedule on the assumption that the good is a public good Instructions: Enter your answers as a whole number Individual 1 Individual 2 Individual 3 (a) Private Demand (b) Public Demand Price Price Price Price Qd Od Od Od od Price 1 0 58 $8 0 1 58 $8 2 7 7 7 0 7 2 3 0 1 8 3 4 5 5 2 4 5 1 5 5 5 4 4 2 4 4 5 3 6 3 4 3 7 7 2 4 2 2 5 2 1 8 1 1 5 8 1