I) The figure below shows a market in which there is an externality. The curve S2 is parallel to S1. Areas in the figure are numbered. Price 60.00 49.60 1 40.80 27.60 4 6 19.2 32.4 Quantity s) What type of externality is shown in the figure and why is it a problem in economics? Identify the market equilibrium and the social equilibrium in the figure. If the market were to move from the market equilibrium to the social equilibrium, indicate the area(s) that represent the chan b. C. consumer surplus, the change in producer surplus, the change for third parties, and the net effect on total surplus. Does total surplus ri fall? d. ) What would be the amount of a per-unit tax needed to fix the externality?

Identify an experience good. Identify a search good. How does the retailing of the experience good differ from the retailing of the search good? Do these differences help consumers?

What happens in the market for beach towels,now that the season is over? Graph and explain

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When Sasha's father speaks to her but she is distracted and looks around, he sometimes reaches out and turns her head so they make eye contact. Her father is using what type of touch? love-intimate touch social-polite touch demand touch functional touch