Figure 10-12 -Refer to Figure 10-12.Suppose,on the Figure,Q Represents the Quantity of the Quantity

question 16

Multiple Choice

Figure 10-12
-Refer to Figure 10-12.Suppose,on the figure,Q represents the quantity of education and P represents the price of education.Then the quantity represents

• A) an inefficiency.
• B) the extent of the negative externality that pertains to the market for education.
• C) the amount of the tax that would be required to correct the negative externality that pertains to the market for education.
• D) the amount of the subsidy that would be required to correct the positive externality that pertains to the market for education.

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Definitions:

Psychological Factors

Elements associated with the mind or mental processes that can influence behavior and well-being.

Sociocultural Factors

Aspects of society and culture that affect an individual's behavior patterns, attitudes, and perceptions.

Biological Factors

Refers to the physiological and genetic influences on human behavior and mental health conditions.

Environmental Factors

Elements in the surrounding environment that can influence the development, behavior, and well-being of individuals or populations.