The market demand curve for coffee is the same as the
A) marginal social benefit curve minus the marginal social cost curve of coffee.
B) marginal social benefit curve of coffee.
C) opportunity cost curve of coffee.
D) marginal social cost curve of coffee.

Question

Quizplus · Accepted Answer

The market demand curve for coffee represents the marginal social benefit curve of coffee, indicating the additional benefit to society for each additional unit of coffee consumed. It does not directly relate to the marginal social cost, opportunity cost, or the difference between marginal social benefit and marginal social cost.

The Market Demand Curve for Coffee Is the Same as the