Figure 5-6 shows the market for measles vaccinations,a product whose use generates positive externalities.
-Refer to Figure 5-6.What is the market equilibrium output level?

Question

Quizplus · Accepted Answer

The market equilibrium output level is the quantity where the quantity supplied equals the quantity demanded. In Figure 5-6, this occurs at point E, where Q1 is the quantity supplied and Q2 is the quantity demanded.

Figure 5-6 Shows the Market for Measles Vaccinations,a Product Whose