In a democratic society, the preferences of __________ will often dominate decisions made by direct majority voting

When an activity results in the imposition of external costs, markets will produce more than the socially optimal level of that activity

a. True b. False

An increase in the price of blueberries would lead to a(n)

a. increased supply of blueberries. b. a movement up and to the right along the supply curve for blueberries. c. a movement down and to the left along the supply curve for blueberries. d. Both a and b are correct.