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 producers receive a price of

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 producers receive a price of

Quizplus · Accepted Answer

With the introduction of a voucher, the demand curve shifts to the right, and the new equilibrium occurs at point E where the marginal private benefit curve intersects the marginal social benefit curve. At this point, the price received by producers is PS1U1B13, which is also equal to the marginal cost of production.

Use the Figure Below to Answer the Following Questions