Figure 11-8 Figure 11-8 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 11-8.What does D₁ represent?

Name: Figure 11-8 Figure 11-8 shows the market for measles vaccinations, a product whose use generates positive externalities. -Refer to Figure 11-8.What does D 1 represent?
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Question

Figure 11-8 Figure 11-8 shows the market for measles vaccinations, a product whose use generates positive externalities. -Refer to Figure 11-8.What does D₁ represent?

Quizplus · Accepted Answer

D₁ represents the demand curve reflecting private benefit, which shows the benefits to individuals or firms without considering externalities.

Figure 11-8 Figure 11-8 Shows the Market for Measles