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The demand curve for a public good is also called the

lizsmith

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The demand curve for a public good is also called the

Question 1.

Some policymakers have argued that products like cigarettes, alcohol, and sweetened soda generate negative externalities in consumption. All else equal, if the government decided to impose a tax on soda, the equilibrium quantity of soda would ________ and the equilibrium price of soda would ________.

▸

increase; decrease

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decrease; decrease

▸

decrease; increase

▸

increase; increase

Question 2.

The demand curve for a public good is also called the

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total social benefit curve.

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total welfare curve.

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marginal social benefit curve.

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total willingness-to-pay curve.

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

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rinderbik

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More solutions for this book are available here

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lizsmith Author

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4 years ago

Good timing, thanks!

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