Try another version of these questions Suppose that there is a negative externality in the market for burritos. The graph below shows the supply and demand curves for burritos. Graphing window shows horizontal axis: 0 to 14, vertical axis: 0 to 14. Start Graph, Color red What is the market equilibrium quantity? Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 What is the market price? Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 What is the optimal (efficient) quantity? Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 What should the government do in order to ensure the market produces the optimal (efficient) quantity? Hint
Box 1: Select the best answer How big should the government's corrective taxes or subsidies be in this case? Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 As a result of this negative externality, the market Hint
Box 1: Select the best answer
Start Graph, Color bluex y 0 2 1 3 2 4 3 5 4 6 5 7 6 8 7 9 8 10 9 11 10 12 11 13 12 14 13 15 14 16
Start Graph, Color greenx y 0 8 1 7 2 6 3 5 4 4 5 3 6 2 7 1 8 0 9 -1 10 -2 11 -3 12 -4 13 -5 14 -6
Label "Quantity of burritos" at pixel coordinates (175,0).Label "Price of burritos" at pixel coordinates (0,170).Label "D (MPB)" at (1,8-1). Label "S (MPC)" at (1,2+1). Label "S (MSB)" at (5,4+1*5).
x y 0 4 1 5 2 6 3 7 4 8 5 9 6 10 7 11 8 12 9 13 10 14 11 15 12 16 13 17 14 18
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity