Due to Externalities Generated by Home Landscaping, Its Price

question 2

Multiple Choice

Due to externalities generated by home landscaping, its price:

• A) is above the optimal level, and quantity traded is below the optimal level.
• B) is below the optimal level, and quantity traded is above the optimal level.
• C) and quantity traded are both above the optimal level.
• D) and quantity traded are both below the optimal level.
• E) must fall in order for the market to reach equilibrium.

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Definitions:

Conjunction

In grammar, a word used to connect clauses or sentences or to coordinate words in the same clause.

Symbolize

The act of representing something using symbols or symbolism.

Neither

A conjunction used to indicate that two or more specified alternatives are not the case.

Antecedent

The first part of a conditional statement, the "if" clause, indicating the condition in a hypothetical proposition.