Figure: Market for Vaccines Reference: Ref 10-5 (Figure: Market for Vaccines) The figure represents the market for vaccines with external benefits. The market's outcome generates a(n):
A) deadweight loss of approximately $750.
B) shortage of 1,800 vaccines.
C) equilibrium price of $20.
D) All of the answers are correct.

Question

Figure: Market for Vaccines  Reference: Ref 10-5 (Figure: Market for Vaccines) The figure represents the market for vaccines with external benefits. The market's outcome generates a(n):
A) deadweight loss of approximately $750. 
B) shortage of 1,800 vaccines. 
C) equilibrium price of $20. 
D) All of the answers are correct.

Quizplus · Accepted Answer

The Answer of Figure: Market for Vaccines  Reference: Ref 10-5 (Figure: Market for Vaccines) The figure represents the market for vaccines with external benefits. The market's outcome generates a(n):
A) deadweight loss of approximately $750. 
B) shortage of 1,800 vaccines. 
C) equilibrium price of $20. 
D) All of the answers are correct.