After accounting for externalities with a social cost curve, the new equilibrium would be such that equilibrium price is
A. higher than before and equilibrium quantity is lower than before.
B. higher than before and equilibrium quantity is higher than before.
C. lower than before and equilibrium quantity is higher than before.
D. lower than before and equilibrium quantity is lower than before.
Answer: A
Economics
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A) equilibrium wage falls B) consumption falls C) unemployment rises D) equilibrium wage rises
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In a competitive market when there is no deadweight loss
A) consumer surplus is minimized. B) producer surplus is minimized. C) consumer surplus plus producer surplus is maximized. D) consumer surplus plus producer surplus is minimized.
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