The economic valuation of a commodity as the outcome of a supply-and-demand equation results in an equilibrium price that _________________ many of the environmental costs of the product.

Question

Quizplus · Accepted Answer

The equilibrium price often obscures many of the environmental costs of a product because it primarily reflects the balance between supply and demand without necessarily accounting for externalities such as environmental degradation.

The Economic Valuation of a Commodity as the Outcome of a Supply-And-Demand