Question

What is an externality you have experienced and how does it impact your view of supply...

What is an externality you have experienced and how does it impact your view of supply and demand in a free market?

Homework Answers

Answer #1

One externality that I have experience this pollution where due to pollution, my health deteriorated and I am paying the external cause due to the factories nearby. However this is corrected as many of the people nearby reported a complaint against the pollution as a result of his officials came along and made them to reduce the pollution to particular extent so that the supply decreased as a result of which the supply curve shift to the left so that the marginal social benefit prevailed with that of marginal cost.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
How does an organization's culture impact the success of teamwork? Have you ever experienced an environment...
How does an organization's culture impact the success of teamwork? Have you ever experienced an environment or type of culture that has the same effect? Explain. Relate the answer to gender diversity in teams.
4. What is wage and price stickiness? How does it impact Aggregate demand and Aggregate supply...
4. What is wage and price stickiness? How does it impact Aggregate demand and Aggregate supply in both the short and long run?
What impact does an increase in the money supply have on a country’s exchange rate in...
What impact does an increase in the money supply have on a country’s exchange rate in a floating exchange rate system? Provide a graph of the foreign exchange market to illustrate. Explain briefly.
What impact do the different types of market structure have on supply and demand?
What impact do the different types of market structure have on supply and demand?
Can you introduce one case regarding the positive externality, and explain it with details? How does...
Can you introduce one case regarding the positive externality, and explain it with details? How does the externality impact the company’s project, and how you evaluate it? please, show more detail. And show reference
Explain a positive and negative externality that you have recently consumed. Please relate your answer to...
Explain a positive and negative externality that you have recently consumed. Please relate your answer to the characteristics of elasticity. Why does the government have to get involved when an externality is present in the market?(Please not the same answer as other questions already posted.)
Define and explain the crowding out effect. How does it impact the aggregate demand/aggregate supply model?...
Define and explain the crowding out effect. How does it impact the aggregate demand/aggregate supply model? Be specific
Besides training and education, what are some of the things that have a significant impact on...
Besides training and education, what are some of the things that have a significant impact on the supply and demand of labor? Explain why you believe they have such an impact. What other factors can directly influence the labor market?
how have leading companies changed the way they view supply chains in terms of how they...
how have leading companies changed the way they view supply chains in terms of how they view costs with suppliers, customers, and risks associated with supply chain design?
Have you experienced social loafing as a team member? What did you do to prevent this...
Have you experienced social loafing as a team member? What did you do to prevent this problem? Would you prefer to work alone or as part of a team? Why? How do you think your answer compares with that of others in your class? What effect, if any, do you expect that workforce diversity has on a team’s performance and satisfaction? Your textbook argues for recognizing individual differences. It also suggests paying attention to members of diverse groups. Does this...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT