Ceteris paribus, a change in the quantity supplied along the supply curve of Braun coffee makers is:
a. directly related to the price of a Morphy Richards coffee maker.
b. directly related to the price of milk and cream.
c. directly related to the prices of inputs used in the production of Braun coffee makers.
d. directly related to changes in the technology used in producing coffee makers.
e. directly related to the price of a Braun coffee maker.
Question 2
When negative externalities exist in a market, that market will produce too little output compared to the socially efficient level of output.
a. True
b. False
Indicate whether the statement is true or false
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