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cur… Show more There are 2 consumers, Mitt and Barack. The

Paper help Economics cur… Show more There are 2 consumers, Mitt and Barack. The

Economics

cur… Show more There are 2 consumers, Mitt and Barack. The

cur… Show more There are 2 consumers, Mitt and Barack. The supply curve for good Z is Q=30+5p . Mitt’s demand curve is Q=300-10p and Barack’s demand curve is Q=300-15p. (a) Suppose that Z is a pure public good. What is the efficient quantity? (b) Suppose Z is a private good. What is the equation for the aggregate demand curve? What is the equilibrium price? [You only have to consider the case where both consumers buy, i.e., p < 20] • Show less

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