Figure 5-3
Figure 5-3 shows the effect of a positive externality on the market for vaccinations.
-Refer to Figure 5-3.On the above graph,identify the market equilibrium price and quantity,the efficient equilibrium price and quantity,and the value of the deadweight loss resulting from too few people receiving vaccinations.

Question

Figure 5-3
  Figure 5-3 shows the effect of a positive externality on the market for vaccinations.
-Refer to Figure 5-3.On the above graph,identify the market equilibrium price and quantity,the efficient equilibrium price and quantity,and the value of the deadweight loss resulting from too few people receiving vaccinations.

Quizplus · Accepted Answer

The Answer of Figure 5-3
  Figure 5-3 shows the effect of a positive externality on the market for vaccinations.
-Refer to Figure 5-3.On the above graph,identify the market equilibrium price and quantity,the efficient equilibrium price and quantity,and the value of the deadweight loss resulting from too few people receiving vaccinations.

Figure 5-3 Figure 5-3 Shows the Effect of a Positive