If External Benefits Are Taken into Account in the Market

question 141

Multiple Choice

If external benefits are taken into account in the market

• A) the demand curve would shift to the left.
• B) the supply curve would shift to the left.
• C) the demand curve would shift to the right.
• D) the supply curve would become vertical.

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Definitions:

Hotel Operators

Individuals or companies responsible for managing hotels, including their day-to-day operations and overall strategic planning.

Liability

Refers to the state of being legally responsible for something, typically referring to debts or obligations.

Common Carrier

A business or agency that is available to the public for transportation of persons, goods, or messages, under a regulatory or legal obligation to serve all customers.

Reasonable Care

A legal standard requiring individuals to act with the caution and prudence that a sensible person would use in similar circumstances to avoid harm to others.