If the Market Equilibrium Quantity Is Greater Than the Socially

question 137

Multiple Choice

If the market equilibrium quantity is greater than the socially optimal quantity, one can infer that:

• A)the private supply curve for the activity is to the left of the socially optimal supply curve.
• B)the private demand curve for the activity is below the socially optimal demand.
• C)there is a positive externality associated with this good.
• D)there is a negative externality associated with this good.

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Definitions:

Dual-Career Couples

Partners or spouses who both pursue their own careers, often facing challenges in coordinating work-life balance, relocation, and family responsibilities.

Family-Friendliness

Refers to policies or characteristics of a workplace that support the needs of employees with families, enhancing work-life balance.

Employer

An individual or organization that hires and pays people to perform work or services under certain conditions.

Work-Life Balance

The equilibrium between professional responsibilities and personal life, allowing for fulfillment in both areas.