why-is-it-important-to-differentiate-between-horizontal-and-vertical-summation-w

Question

Why is it important to differentiate between horizontal and vertical summation when constructing demand curves?

Accepted Answer

Because private goods use horizontal summation and public goods use vertical summation.

Answer

Because both private and public goods use horizontal summation.

Answer

Because both private and public goods use vertical summation.

Answer

Because summation methods do not affect demand curve construction.