Figure 5-6 Figure 5-6 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 5-6. What does D₁ represent?

Question

Figure 5-6 Figure 5-6 shows the market for measles vaccinations, a product whose use generates positive externalities. -Refer to Figure 5-6. What does D₁ represent?

Quizplus · Accepted Answer

D₁ represents the demand curve reflecting private benefits, as it typically shows the relationship between the price of a good and the quantity demanded by consumers, without accounting for externalities.

Figure 5-6 Figure 5-6 Shows the Market for Measles