If a Positive Externality Exists, __________ in Order for the Socially

question 171

Multiple Choice

If a positive externality exists, __________ in order for the socially optimal output to be reached.

• A)supply needs to decrease
• B)demand needs to increase
• C)demand needs to decrease
• D)supply and demand both need to increase

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Definitions:

Average Temperature

The mean value of temperature taken over a specified period of time, used to describe climate or weather conditions.

Standard Deviation

A quantitative indicator that calculates the degree of spread or variability among a collection of data points.

Expected Rate

The anticipated return on an investment over a specific period.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of numerical data from its mean.