The private market demand curve for flu shots is P= 100 - 4Q, and the supply curve for flu shots is P = 22 + Q where Q is a million shots per year and P is the dollars per shot. Assume that the flu shots generate an additional benefit in that it reduces the likelihood of others getting sick. This benefit is reflected in a social demand curve P 112-4Q. The private market equilibrium quantity of shots produced is optimal amount of shots is, but the socially Around 9 to 10 million shots.... Around 10 to 11 million shots Around 7 to 8 million shots..... Around 18 to 20 million shots ......... Around 18 million shots.... Around 15 to 16 million shots Around 15 to 16 million shots.... Around 18 million shots

The private market demand curve for flu shots is P= 100 - 4Q, and the supply curve for flu shots is P = 22 + Q where Q is a million shots per year and P is the dollars per shot. Assume that the flu shots generate an additional benefit in that it reduces the likelihood of others getting sick. This benefit is reflected in a social demand curve P 112-4Q. The private market equilibrium quantity of shots produced is optimal amount of shots is, but the socially Around 9 to 10 million shots.... Around 10 to 11 million shots Around 7 to 8 million shots..... Around 18 to 20 million shots ......... Around 18 million shots.... Around 15 to 16 million shots Around 15 to 16 million shots.... Around 18 million shots

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 3PA: Greater consumption of alcohol leads to more motor vehicle accidents and, thus, imposes costs on...

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