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Supply Demand Curve of a Pure Public Good Watch

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    No luck finding what it would look like online, help appreciated in case something like the NHS comes up in the Econ 1 exam.

    I was thinking a perfectly inelastic supply curve with a demand curve meeting at equilibrium at exactly 0 price, though that seems wrong since that implies demand for a national health service is low.
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    (Original post by 16characterlimit)
    No luck finding what it would look like online
    because there is none
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    (Original post by 16characterlimit)
    No luck finding what it would look like online, help appreciated in case something like the NHS comes up in the Econ 1 exam.

    I was thinking a perfectly inelastic supply curve with a demand curve meeting at equilibrium at exactly 0 price, though that seems wrong since that implies demand for a national health service is low.
    No, you are correct. It would be a perfectly inelastic supply curve with a normal demand curve. It shows that at a price of 0, lots of people demand it.
 
 
 
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