Figure 7-2 Figure 7-2 represents the market for vaccinations. Vaccinations are considered a benefit to society, and the figure shows both the marginal private benefit and the marginal social benefit from vaccinations.
-Refer to Figure 7-2. The market equilibrium price is

Question

Figure 7-2  Figure 7-2 represents the market for vaccinations. Vaccinations are considered a benefit to society, and the figure shows both the marginal private benefit and the marginal social benefit from vaccinations.
-Refer to Figure 7-2. The market equilibrium price is

Quizplus · Accepted Answer

The market equilibrium price is where the quantity demanded equals the quantity supplied, which is indicated as $40 in Figure 7-2.

Figure 7-2 Figure 7-2 Represents the Market for Vaccinations