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Hypothetical Marginal Benets of Security Protection for a Community of Three People + av. Suppose the price or cost of hiring a security guard...
a. Suppose the price or cost of hiring a security guard increases from $450 to $600 per week.
Using the data in Table above, show how this will affect the Lindahl equilibrium.
b. Use the data above to show how a decrease in the demand for security protection by any one voter will affect the Lindahl equilibrium.
—Hypothetical Marginal Benefits of Security Protection for a Community of Three People + av. Suppose the price or cost of hiring a security guard increases from $450 to $600 per week. Using the data in Table above, Show how this will affect the Lindahl equilibrium. In. Use the data above to Show how a decrease in the demand for security protection by any one NURIBER OF SECURITY GUARDS PER WEEK 1 $300$250$200$750 2 $250$200$150$600 voter will affect the Lindahl equilibrium. 3 $200$150$100$450 4$150$100$50 $300 L