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Author Question: The presence of a positive externality in a market leads to ________. A) an underproduction of ... (Read 41 times)

Ebrown

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on: Jun 29, 2018
The presence of a positive externality in a market leads to ________.
 
  A) an underproduction of the good
  B) an overproduction of the good
  C) a deadweight loss
  D) a fall in the consumer surplus

Question 2

Negative values of the price elasticity of demand of a good can be attributed to:
 
  A) the Law of Demand.
  B) the Law of Supply.
  C) the Law of Increasing Marginal Utility.
  D) the Law of Diminishing Marginal Rate of Substitution.


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orangecrush

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

A

Answer to Question 2

A


Ebrown

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Reply 2 on: Jun 29, 2018
Wow, this really help

peter

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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