Refer to the Graph Shown, Which Shows the Demand and Supply

question 17

Multiple Choice

Refer to the graph shown, which shows the demand and supply for a new vaccine against the common cold. Suppose once vaccinated, a person cannot catch a cold or give a cold to someone else. As a result, the marginal social benefit curve will:

• A) coincide with the market demand curve.
• B) lie strictly below the market supply curve.
• C) lie below the market demand curve.
• D) lie above the market demand curve.

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Definitions:

External Iliac Vein

A large vein in the pelvic region that carries deoxygenated blood from the lower limbs back to the heart.

Iliac Vein

A vein in the pelvis that carries blood from the lower limbs and the pelvis back to the heart.

Posterior Vena Cava

Also known as the inferior vena cava, it is a large vein that carries deoxygenated blood from the lower half of the body to the heart.

Superior Vena Cava

A large vein that carries deoxygenated blood from the upper body to the heart.