Question: A society has three consumers - 1 , 2 and 3 - whose demand for a given good is Q 1 = 5 - P

A society has three consumers-1,2 and 3- whose demand for a given good is Q1=5-P,Q2=10-P and Q3=15-P respectively. Required:
(a) Using well labelled diagrams demonstrate the optimal provision of this good if it were a:
(i) A pure private good {2 marks }
(ii) A pure public good marks
A society has three consumers - 1 , 2 and 3 -

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