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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

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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 ) (a) Private Demand (b) Public Demand Price Qu Price Price Qd Price Price X $8 1 SE 2 D 7 2 7 6 3 D 4 -IN Crop one

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