Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine. One of the demand curves below represents the private demand for the vaccine and the other represents the social demand for the vaccine. 110 100 S Price (S/dose) 90 80 70 60 50 40 30 20 10 D1 D2 0 0 25 50 75 100 125 150 175 200 225 250 Quantity (doses/day) The total social benefit of 75 doses is:

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Chapter1: Making Economics Decisions
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Please give me correct answer and full explanation with calculation Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Price ($/dose)
Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive
the vaccine. One of the demand curves below represents the private demand for the vaccine and the other represents the social demand for the
vaccine.
1101
100
90
80
70
60
50
40
30
20
10
0
S
D1
D2
0 25 50 75 100 125 150 175 200 225 250
Quantity (doses/day)
The total social benefit of 75 doses is:
Transcribed Image Text:Price ($/dose) Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine. One of the demand curves below represents the private demand for the vaccine and the other represents the social demand for the vaccine. 1101 100 90 80 70 60 50 40 30 20 10 0 S D1 D2 0 25 50 75 100 125 150 175 200 225 250 Quantity (doses/day) The total social benefit of 75 doses is:
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