Refer to the Below Supply and Demand Graph

question 13

Multiple Choice

Refer to the below supply and demand graph.Point A represents the current equilibrium level of output of this product and point B represents the optimal level of output from society's perspective.This supply and demand graph indicates that there is (are) :

• A)positive externalities to the production of this product.
• B)negative externalities to the production of this product.
• C)an overallocation of resources to the production of this product.
• D)a negative externality from the production of this product.

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Definitions:

Nasolabial

Relating to the nose and the upper lip, particularly the crease or fold running from the side of the nose to the corner of the mouth.

Labionasal

Pertaining to both the lips and the nose; often used in speech pathology.

-malacia

A suffix used in medical terminology to denote softening of the tissues, often used to describe pathological conditions.

-mnesia

A suffix indicating a condition related to memory, such as in "amnesia," meaning the loss of memory.