A shift from S1 to S2 reflects the change that happens when a negative externality is taken into account. A shift from D1 to D2 reflects the change that happens when a positive externality is taken into account.
-Refer to the above figures. Which of the panels would be consistent with the situation in which external benefits exist?
Definitions:
Optimal Point
The most favorable condition, level, or amount of something for achieving a specific goal or outcome.
Arousal
A psychological and physiological state of being awake or reactive to stimuli.
Intracellular Thirst
A form of thirst resulting from the osmotic pressure changes within cells, often caused by high intake of salt or loss of water.
Extracellular Thirst
Thirst caused by reduced volume of the extracellular fluid, which is the fluid outside the cells.
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