If a person's property is generating a negative externality the person will not make socially efficient choices about how to use their property, but if their property is generating a positive externality they will make socially efficient choices. Select one: O a. False O b. True

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Q: $17.00 $16.00 $15.00 $14.00 $13.00 $12.00 $11.00 $10.00 $9.00 S8.00 +Demand 57 00 56 00 $500 $4.00…

A: The equilibrium is at Demand = supplywherea.price from the y axis is:P=11