A shift from S1 to S2 reflects the change that happens when a negative externality is taken into account.A shift from D1 to D2 reflects the change that happens when a positive externality is taken into account.
-Refer to the above figures.A positive externality exists that has not been corrected.Price and quantity will be
Definitions:
Esophagus
Muscular tube for moving swallowed food from the pharynx to the stomach.
Gallbladder
Organ attached to the liver that serves to store and concentrate bile.
Bile
Secretion of the liver that is temporarily stored and concentrated in the gallbladder before being released into the small intestine, where it emulsifies fat.
Stomach
In vertebrates, muscular sac that mixes food with gastric juices to form chyme, which enters the small intestine.
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