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Author Question: Pollution is caused by a market failure, in an industry in which there is A) unemployment. B) an ... (Read 28 times)

fagboi

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on: Jun 29, 2018
Pollution is caused by a market failure, in an industry in which there is
 
  A) unemployment.
  B) an over-allocation of resources in production.
  C) excess demand.
  D) excessive cost borne by the firm.

Question 2

Chocolate has just been found to increase your expected life span by 5 years if you eat it every day. In the market for chocolate, this information will lead to
 
  A) an increase in price and a decrease in quantity.
  B) an increase in price and an increase in quantity.
  C) a decrease in price and a decrease in quantity.
  D) a decrease in price and an increase in quantity.


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ebenov

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


fagboi

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Reply #2 on: Jun 29, 2018
Thank you :)


ebenov

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Reply #3 on: Jun 29, 2018
Happy to help you


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