The Figure Below Shows the Demand and Supply Curves in the Market

question 36

Multiple Choice

The figure below shows the demand and supply curves in the market for elementary education. Figure 13.1
In the figure,
D: Private demand curve for elementary education
D + s: Demand curve which includes public benefits
S: Supply curve of education
Price and Quantity have been taken on vertical and horizontal axes respectively.
Figure 13.1 represents a situation of:

• A)positive externalities.
• B)negative externalities.
• C)excess capacity.
• D)optimal provision of a public goods.
• E)comparative advantage.

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Definitions:

Supplier Risk

The potential for negative impacts to a company's operations, profitability, or reputation resulting from its suppliers' actions or inactions.

Strategic Purchase

The acquisition of goods or services that are vital to a company's operations or strategy, often involving significant expenditure and planning.

Environmental Sustainability

The practice of using resources in a way that does not deplete them and conserves the natural environment for future generations.

Community Development

Initiatives designed to improve the living conditions, economy, and social cohesion within a specific area or community.