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 does D₁ represent?

Name: 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 does D₁ represent?
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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 does D₁ represent?

Quizplus · Accepted Answer

D₁ represents the demand curve reflecting private benefits, which shows the benefits to consumers without considering any externalities.

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