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Using Figure 4

Question 19

Multiple Choice

Using Figure 4.1, suppose that point B represents the optimal mix of output for a society.If market forces cause society to produce and consume at point C, then A) There is government failure. B) The forces of supply and demand will return society to point B. C) Points A and D are unattainable with the given resources and technology. D) There is market failure. Using Figure 4.1, suppose that point B represents the optimal mix of output for a society.If market forces cause society to produce and consume at point C, then


A) There is government failure.
B) The forces of supply and demand will return society to point B.
C) Points A and D are unattainable with the given resources and technology.
D) There is market failure.

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