The Figure Given Below Shows the Demand and Supply Curves

question 96

Multiple Choice

The figure given below shows the demand and supply curves of automobiles. Figure 13.3 In the figure,
D: Demand curve of automobiles
S: Supply of automobiles prior to the tax
S+t: Supply of automobiles after the tax
-Figure 13.3 represents a situation of:

• A)positive externality.
• B)Pareto efficiency.
• C)negative externality.
• D)tragedy of commons.
• E)free rider problem.

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Definitions:

Planned Goals

Targets or objectives that are determined in advance and towards which efforts are directed in a conscious and deliberate manner.

Corrective Actions

Steps taken to rectify problems, remove defects, or address failures to ensure they are not repeated.

Functional Groupings

The arrangement of jobs or tasks in an organization based on similar roles, skills, or processes.

Organizational Structure

The arrangement of activities, processes, reporting hierarchies, and communication pathways that connect the various segments of an organization.