Exhibit 17.3 -Refer to Exhibit 17.3,which Shows Market Equilibrium in the Presence

question 154

Multiple Choice

Exhibit 17.3

-Refer to Exhibit 17.3,which shows market equilibrium in the presence of externality in an economy.The equilibrium price and output (determined exclusively by private decisions) are _____

• A)$6 and 50 units, respectively.
• B)$12 and 50 units, respectively.
• C)$12 and 40 units, respectively.
• D)$6 and 40 units, respectively.
• E)less than $6 and more than 50 units, respectively.

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Definitions:

Reflex Schemas

These are innate, automatic responses to specific stimuli that are observable in newborns, forming the basis for later complex behaviors.

Inhibit Action

The process of restraining or hindering oneself or others from taking certain actions.

Body Proportions

The relative measurements and distribution of body parts, which change significantly with age, especially during growth spurts.

Adult

A person who has reached the age of maturity, typically characterized by having achieved full physical development and legal responsibilities.