Author Question: Refer to the above figure. An external benefit exists. The amount of that benefit is represented by ... (Read 155 times)

TFauchery · **on:** Jun 29, 2018

Refer to the above figure. An external benefit exists. The amount of that benefit is represented by

A) P4.
B) the vertical distance between D1 and D2.
C) the distance between G and F.
D) P3.

Question 2

When the supply and/or demand curve shift, the new market clearing price is

A) reached instantaneously.
B) reached only after the government intervenes in the market.
C) reached after some period of adjustment.
D) never reached.