In the figure, the supply curve that includes external costs is O A. neither S₁ nor S₂ because the curve would be horizontal. B. S₁. O C. S₂. O D. neither S₁ nor S₂ because the curve would be vertical. Price P₂ P₁ Q₁ 52 Q₂ S₁ D

Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Elasticity And Its Application
Section: Chapter Questions
Problem 4CQQ
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In the figure, the supply curve that includes
external costs is
O A. neither S₁ nor S₂ because the curve
would be horizontal.
O B. S₁.
O C. S₂.
O D. neither S₁ nor S₂ because the curve
would be vertical.
<
Price
P2
P₁
Q₁
52
Q₂
S₁
1
D
Transcribed Image Text:In the figure, the supply curve that includes external costs is O A. neither S₁ nor S₂ because the curve would be horizontal. O B. S₁. O C. S₂. O D. neither S₁ nor S₂ because the curve would be vertical. < Price P2 P₁ Q₁ 52 Q₂ S₁ 1 D
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