Nonprofit organizations

    1 Define private goods and provide two examples of private information goods or services 2 Define public goods and provide two examples of public information goods or services (do not use class note or text book examples) 3 Give one example of information goods or services provided by each of the following institutions (do not use class note or text book examples): -government -nonprofit organizations -profit organizations 4 Give one example of information goods or services financed by each of the following institutions (do not use class note or text book examples): -governments -nonprofit organizations -profit organizations -tax payers in the community -individuals benefiting from the good 5 Professors buy textbooks to teach. Students buy textbooks (those who can afford to buy) to learn. Libraries buy textbooks and place them on reserve for students (who cannot afford to buy them) to borrow. Discuss what would happen to professors’ demand curve in terms of the demand elasticity if the price of the textbook has increased 6 Discuss what would happen to students’ demand curve (those who can afford to buy) in terms of the demand elasticity if the price of the textbook has increased