Why is a price change NOT an externality? Select one: a. A price change affects bystanders, not market participants. b. A price change does NOT change total costs or benefits, it only changes who buys the good. c. A change in price changes the marginal benefit of a good but does NOT change who buys and sells the good. d. A price change redistributes costs but not benefits.

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter17: Externalities And The Environment
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Why is a price change NOT an externality?
Select one:
a. A price change affects bystanders, not market participants.
b. A price change does NOT change total costs or benefits, it only changes who buys the good.
c. A change in price changes the marginal benefit of a good but does NOT change who buys and sells the good.
d. A price change redistributes costs but not benefits.
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