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?

Name: 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?
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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, which is typically the initial demand curve before accounting for any externalities.

Figure 5-6 Figure 5-6 Shows the Market for Measles Vaccinations, a Product