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The market demand for public and private goods.

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Explanation:

The market demand for private goods can be calculated by the horizontal summation. This can be done by adding all the individual demands at a particular price.

The following formula can be used to calculate the market demand:

Market demand at price X=(Demand at price XIndiviaula 1+Demand at price XIndiviaula 2+...+Demand at price XIndiviaula n) (1)

Substitute the respective values in the equation (1) to calculate the market demand at price $8

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Question Text
The market demand for public and private goods.
TopicAll Topics
SubjectEconomics
ClassGrade 10
Answer TypeText solution:1