When negative externalities exist, the private market equilibrium represents a
A) market price which is too low and a market quantity which is too low.
B) market price which is too low and a market quantity which is too high.
C) market price which is too high and a market quantity which is too low.
D) market price which is too high and a market quantity which is too high.
B
Economics
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Which of the following is a macroeconomic subject?
a. international shipping rates b. price of French wine c. price of Japanese cars d. the rate of growth in the Canadian economy e. home mortgage rates in Brazil
Economics
General equilibrium exists when all markets in an economy are simultaneously in equilibrium.
Answer the following statement true (T) or false (F)
Economics