QUESTION 13 Suppose the demand for education is given by P-75-Q. and the supply of education is given by P20 Suppose that due to other members in your society becoming educated, there is a decrease in dime, which gives society a social benefit of b9 What type of externality is this, and what ourve represents this externality being accounted for (social cost or social demand curve? This is a negative consumption externality, and the social demand curve would be P= 66-Q This is a poslivo produetion externality, and the social supply curve would be P= -9+Q. Thie nositive consumption extemality, and the social demand curve would be P=84-Q. aha ia e prodiction extermality, and the social supply curve would be P-9+Q. 6.6667 points Sre Apr

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