Refer to the above figure. An external benefit exists. The amount ...

[TFauchery]

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.

[momo1250]

Answer to Question 1

B

Answer to Question 2

C

[TFauchery]

YES! Correct, THANKS for helping me on my review

[tranoy]

Thanks for the timely response, appreciate it