Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine. One of the demand curves below represents the private demand for the vaccine and the other represents the social demand for the vaccine. The private demand for the vaccine is given by ______, and social demand for the vaccine is given by ______.
A)D1; MC
B)D2; MC
C)D1; D2
D)D2; D1

Question

Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine. One of the demand curves below represents the private demand for the vaccine and the other represents the social demand for the vaccine.  The private demand for the vaccine is given by ______, and social demand for the vaccine is given by ______.
A)D1; MC 
B)D2; MC 
C)D1; D2 
D)D2; D1

Quizplus · Accepted Answer

The Answer of Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine. One of the demand curves below represents the private demand for the vaccine and the other represents the social demand for the vaccine.  The private demand for the vaccine is given by ______, and social demand for the vaccine is given by ______.
A)D1; MC 
B)D2; MC 
C)D1; D2 
D)D2; D1

Suppose That a Vaccine Is Developed for a Highly Contagious