Figure 15.6 Figure 15.6 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 15.6.What does D₁ represent?

Question

Figure 15.6 Figure 15.6 shows the market for measles vaccinations, a product whose use generates positive externalities. -Refer to Figure 15.6.What does D₁ represent?

Quizplus · Accepted Answer

D₁ represents the demand curve reflecting private benefit, as it indicates the level of demand based on the benefits perceived by the individual consumers without considering the external benefits to society.

Figure 156 Figure 15