Figure 4-20
Figure 4-20 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 4-20.What is the market equilibrium output level?

Question

Figure 4-20
  Figure 4-20 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 4-20.What is the market equilibrium output level?

Quizplus · Accepted Answer

The market equilibrium output level is where the quantity supplied equals the quantity demanded, which is typically represented by Q₁ in supply and demand graphs.

Figure 4-20 Figure 4-20 Shows the Market for Measles Vaccinations