After Accounting for Externalities with a Social Cost Curve, the New

question 14

Multiple Choice

After accounting for externalities with a social cost curve, the new equilibrium would be such that equilibrium price is

• A)lower than before and equilibrium quantity is higher than before.
• B)higher than before and equilibrium quantity is higher than before.
• C)lower than before and equilibrium quantity is lower than before.
• D)higher than before and equilibrium quantity is lower than before.

---

Definitions:

Dimethyldodecane

An organic compound structured as a dodecane backbone with two methyl groups attached, used in various chemical contexts.

Alkane

A hydrocarbon compound consisting only of carbon and hydrogen atoms arranged in a tree structure with single bonds.

Alkane

Saturated hydrocarbons consisting of carbon and hydrogen atoms connected by single bonds in a tree structure, without any cycles or double bonds.

IUPAC Name

The systematic name of a chemical substance as determined by the rules of the International Union of Pure and Applied Chemistry.