Figure 5-3 Figure 5-3 shows the market for measles vaccinations,a product whose use generates positive externalities.
-Refer to Figure 5-3.What does D₂ represent?

Name: Figure 5-3 Figure 5-3 shows the market for measles vaccinations,a product whose use generates positive externalities. -Refer to Figure 5-3.What does D 2 represent?
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Question

Figure 5-3 Figure 5-3 shows the market for measles vaccinations,a product whose use generates positive externalities. -Refer to Figure 5-3.What does D₂ represent?

Quizplus · Accepted Answer

D₂ represents the demand curve reflecting social benefit, which includes both private and external benefits.

Figure 5-3 Figure 5-3 Shows the Market for Measles