The graph show the marginal social benefit, demand, and supply curves in the milkshake market. Market forces would yield a quantity of and a price of . in the milkshake market. Select one: a. 12; $1 b. 16; $4 O c. 12; $3 O d. 8; $2

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
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Chapter17: Externalities And The Environment
Section: Chapter Questions
Problem 2.7P
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(Figure: Market 4) Use the graph to answer the question.
Price
Supply
$6
$5
$4
$3
$2
Marginal
social
benefit
$1
Demand
8.
12
16
20
24
Quantity
The graph show the marginal social benefit, demand, and supply curves in the milkshake market. Market forces would yield a
quantity of
and a price of
in the milkshake market.
Select one:
а. 12; $1
b. 16; $4
с. 12;B $3
d. 8; $2
Transcribed Image Text:(Figure: Market 4) Use the graph to answer the question. Price Supply $6 $5 $4 $3 $2 Marginal social benefit $1 Demand 8. 12 16 20 24 Quantity The graph show the marginal social benefit, demand, and supply curves in the milkshake market. Market forces would yield a quantity of and a price of in the milkshake market. Select one: а. 12; $1 b. 16; $4 с. 12;B $3 d. 8; $2
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