Market (inverse) demand for measles vaccine is given by P= 100-20. Market (inverse) supply for measles vaccine is given by P=10+0.50. Here, Pis the unit price of measles vaccine and Q denotes quantity. Suppose there are positive externalities from consuming measles vaccines. Marginal external benefit is given by MEB=0.50. The size of deadweight loss from the market equilibrium is 0.5x( 310.5×
Market (inverse) demand for measles vaccine is given by P= 100-20. Market (inverse) supply for measles vaccine is given by P=10+0.50. Here, Pis the unit price of measles vaccine and Q denotes quantity. Suppose there are positive externalities from consuming measles vaccines. Marginal external benefit is given by MEB=0.50. The size of deadweight loss from the market equilibrium is 0.5x( 310.5×
Chapter1: Making Economics Decisions
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![QUESTION 6
Market (inverse) demand for measles vaccine is given by P= 100-20. Market (inverse) supply for measles vaccine is given by P= 10 +0.50. Here, Pis
the unit price of measles vaccine and Q denotes quantity. Suppose there are positive externalities from consuming measles vaccines. Marginal external
benefit is given by MEB=0.5Q. The size of deadweight loss from the market equilibrium is 0.5x(
310.5x](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1f8c624e-4151-4f67-8b94-237232249ef7%2Fa3e1f86f-b05e-48ac-97a5-ca7d7efac8a3%2F9764rek_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 6
Market (inverse) demand for measles vaccine is given by P= 100-20. Market (inverse) supply for measles vaccine is given by P= 10 +0.50. Here, Pis
the unit price of measles vaccine and Q denotes quantity. Suppose there are positive externalities from consuming measles vaccines. Marginal external
benefit is given by MEB=0.5Q. The size of deadweight loss from the market equilibrium is 0.5x(
310.5x
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