Nonprofit association that promotes the interests of a particular industry:

Refer to Table 3-4. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. If the price of cashews falls from $4 to $2, the market quantity demanded would

A) increase by 36 lbs. B) decrease by 28 lbs. C) increase by 28 lbs. D) decrease by 36 lbs.

If social cost exceeds private cost, there is

A) underproduction of a good. B) a negative externality. C) a positive externality. D) too little economic profit in the activity.