If Good X has social demand that is less than market demand,then Good X must be a

Question

Quizplus · Accepted Answer

If the social demand for a good is less than the market demand, it means that the good is overconsumed compared to what is socially optimal. This typically occurs with goods that have external costs, meaning that their consumption imposes costs on third parties that are not reflected in their market price. So, choice B is the best answer.

If Good X Has Social Demand That Is Less Than