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.If a positive externality that existed becomes corrected,price and quantity will become
Definitions:
Dendrites
The branched projections of a neuron that receive electrochemical stimulation from other neural cells.
Axon
A thin, extended part of a neuron, also known as a nerve cell, that often transmits electrical impulses away from the cell's central body.
Glia Cells
Non-neuronal cells in the central nervous system that support, protect, and nourish neurons, playing a crucial role in maintaining homeostasis and forming myelin.
Insulating
The act of preventing the transfer of heat, electricity, or sound from one material to another.
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