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A camp has 12 adults and 12 teenagers. An individual adult’s demand for a cleaning product...

A camp has 12 adults and 12 teenagers. An individual adult’s demand for a cleaning product is Q = 21 − 6P , and an individual teenager’s demand is Q = 6 − 3P . The supply for the supply for this product is P = 5Q.

Suppose that the cleaning product is a private good. Write down the combined demand of the camp for this cleaning product. What would be the equilibrium price and quantity of this product at the camp?

Now suppose that the cleaning product is a public good. Write down the combined demand of the camp for this product. What would be the equilibrium price and quantity of this product at the camp?

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