Author Question: Constructing plastic containers produces air pollutants. Therefore, in the market for plastic ... (Read 132 times)

scienceeasy · **on:** Jul 1, 2018

Constructing plastic containers produces air pollutants. Therefore, in the market for plastic containers,

A) the marginal social cost curve is above and to the right of the demand curve.
B) the marginal social cost curve is below and to the left of the demand curve.
C) the marginal social cost curve is above and to the left of the supply curve.
D) the marginal social cost curve is below and to the right of the supply curve.
E) there is a gap between quantity supplied and quantity demanded in equilibrium.

Question 2

Refer to Scenario 2.2. Under what circumstances will the equilibrium level of output of dental care increase?

A) If supply shifts more than demand.
B) If demand shifts more than supply.
C) If both demand and supply shift by the same magnitude.
D) If supply and demand both decrease.