Internalizing a Positive Externality Will Cause the Demand Curve to

question 85

Multiple Choice

Internalizing a positive externality will cause the demand curve to

• A)shift to the right.
• B)shift to the left.
• C)become more elastic.
• D)remain unchanged.

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Definitions:

Admiral's Men

A prominent acting company in Elizabethan England, once led by the famous actor Edward Alleyn and patronized by the Lord Admiral.

Blackfriar's Men

A troupe of Elizabethan and Jacobean playwrights and actors who performed at the Blackfriars Theatre in London.

Enclosure

The historical process in England of consolidating (enclosing) small landholdings into larger farms since the 13th century, which led to significant social and economic changes, primarily displacing peasant farmers.

Common Lands

Areas of land open for communal use, typically for grazing livestock, collecting firewood, or other resources, managed by local communities.