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Author Question: The price of pie increases. Some people who purchased pie before the price increase no longer ... (Read 142 times)

809779

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The price of pie increases. Some people who purchased pie before the price increase no longer purchase pie. This is
 
  A) a positive externality.
  B) a negative externality.
  C) a positive externality for some consumers and a negative externality for others.
  D) not an externality.

Question 2

Negative externalities are created when
 
  A) an increase in the price of butterfat drives up the price of ice cream.
  B) a driver leaves his car in a parking space after the meter expires and receives a ticket.
  C) a driver drives recklessly on a busy highway.
  D) a driver pulls over to help a stranded motorist fix a flat tire.


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tuate

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809779

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


xiaomengxian

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

 

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