The Figure Given Below Shows the Demand and Supply Curves

question 17

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)the commons problem.
• E)the free rider problem.

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Definitions:

Physical Inventory

A physical count of merchandise or commodities an organization has on hand at a specific time.

FOB Shipping Point

A term used in shipping contracts to indicate that the buyer assumes responsibility for the goods and the shipping costs from the point of departure.

FOB Shipping Point

A term used in shipping agreements that means "Free on Board Shipping Point," indicating that the buyer is responsible for freight and other shipping costs from the seller's location.

FOB Destination

A shipping term that means the seller retains the risk of loss or damage to goods until they are delivered to the buyer's specified location.