The Figure Given Below Shows the Demand and Supply Curves

question 107

Multiple Choice

The figure given below shows the demand and supply curves of steel.S_p is the private supply curve, and S_s is the social supply curve that includes both private costs and external costs. Figure 13.2 In Figure 13.2, external costs are equal to _____.

• A)P_s - P_p
• B)da
• C)Q_p - Q_s
• D)ab
• E)bc

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Definitions:

Omega 3

A class of essential fatty acids found in fish oils and some plant oils, known for their benefits to cardiovascular health and cognitive function.

Teratogens

Agents that can cause congenital anomalies or increase the incidence of an anomaly in the population if exposure occurs during pregnancy.

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The pattern of development in which growth starts at the center of the body and moves towards the extremities.

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The biological growth and maturation process in humans, including motor skills development and changes in body size and strength.