The argument that society should be in favor of changes that benefit some people without making others worse off is known as
A) a positive externality.
B) the Coase Theorem.
C) the cost-benefit principle.
D) the Pareto principle.
Question 2
If the price elasticity of supply of a good is elastic and the good price increases, then the increase in the good's supply should be
A) greater than the increase in price.
B) less than the increase in price.
C) the same as the increase in price.
D) Cannot be determined from this information
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