Title: Figure 5-5 shows a market with an externality. The current market equilibrium output of Q1 is not ...
Post by: malabranche13 on Oct 9, 2019
Figure 5-5
Figure 5-5 shows a market with an externality. The current market equilibrium output of Q1 is not the economically efficient output. The economically efficient output is Q2.
Refer to Figure 5-5. Suppose the current market equilibrium output of Q1 is not the economically efficient output because of an externality. The economically efficient output is Q2. In that case, diagram shows
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the effect of a negative externality in the consumption of a good.
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the effect of an excess demand in a market.
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the effect of a subsidy granted to producers of a good.
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the effect of a positive externality in the consumption of a good.
Title: Figure 5-5 shows a market with an externality. The current market equilibrium output of Q1 is not ...
Post by: anthead on Oct 9, 2019
Title: Figure 5-5 shows a market with an externality. The current market equilibrium output of Q1 is not ...
Post by: malabranche13 on Oct 9, 2019
Title: Figure 5-5 shows a market with an externality. The current market equilibrium output of Q1 is not ...
Post by: liljay on Oct 9, 2019
Figure 5-5
Figure 5-5 shows a market with an externality. The current market equilibrium output of Q1 is not the economically efficient output. The economically efficient output is Q2.
Refer to Figure 5-5. If, because of an externality, the economically efficient output is Q2 and not the current equilibrium output of Q1, what does D1 represent?
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the demand curve reflecting private benefits
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the demand curve reflecting social benefits
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the demand curve reflecting external benefits
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the demand curve reflecting the sum of private and social benefits
Title: Figure 5-5 shows a market with an externality. The current market equilibrium output of Q1 is not ...
Post by: Woo on Oct 9, 2019
the demand curve reflecting private benefits
Title: Figure 5-5 shows a market with an externality. The current market equilibrium output of Q1 is not ...
Post by: ujesssss on Oct 9, 2019
Figure 5-5
Figure 5-5 shows a market with an externality. The current market equilibrium output of Q1 is not the economically efficient output. The economically efficient output is Q2.
Refer to Figure 5-5. If, because of an externality, the economically efficient output is Q2 and not the current equilibrium output of Q1, what does D2 represent?
▸
the demand curve reflecting private benefits
▸
the demand curve reflecting social benefits
▸
the demand curve reflecting external benefits
▸
the demand curve reflecting the sum of social and external benefits
Title: Figure 5-5 shows a market with an externality. The current market equilibrium output of Q1 is not ...
Post by: jfinn1021 on Oct 9, 2019
the demand curve reflecting social benefits
Title: Figure 5-5 shows a market with an externality. The current market equilibrium output of Q1 is not ...
Post by: ujesssss on Oct 9, 2019