If Consumption of a Good Creates Positive Externalities,then

question 100

Multiple Choice

If consumption of a good creates positive externalities,then

• A)private demand is greater than marginal social benefit
• B)marginal private benefit is less than marginal social benefit
• C)private cost is less than marginal social cost
• D)marginal social cost is greater than marginal social benefit
• E)marginal private cost is zero

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Definitions:

Point q

Point q may refer to a specific position or location in a diagram or graph, often used in the context of mathematical or economic models.

Point p

Point p could refer to a specific point on a graph or model in economics, representing a particular state or value in the given context.

Price Elasticity

A measure that shows the responsiveness of the quantity demanded of a good to a change in its price.

Cucumbers

A long, green, cylindrical vegetable widely used in salads and pickling, known for its crisp texture and refreshing taste.