Use the figure below to answer the following questions. Figure 15.3.1
-Refer to Figure 15.3.1.The figure shows the marginal private benefit curve,the marginal social benefit curve,and the market supply curve.If a voucher is given to consumers that generates an efficient outcome,then consumers pay

Question

Use the figure below to answer the following questions.

Figure 15.3.1
-Refer to Figure 15.3.1.The figure shows the marginal private benefit curve,the marginal social benefit curve,and the market supply curve.If a voucher is given to consumers that generates an efficient outcome,then consumers pay

Quizplus · Accepted Answer

The efficient outcome is at the intersection of the marginal social benefit curve and the market supply curve, which is at point E. At this point, the price is P2.

Use the Figure Below to Answer the Following Questions