Which type of externality is likely to result from a consumer's decision to purchase a solar-powered vehicle instead of a gas-po

Question

serg [7]

2 years ago

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Which type of externality is likely to result from a consumer's decision to purchase a solar-powered vehicle instead of a gas-po

wered vehicle, and how does it arise

Business

1 answer:

AlekseyPX · Answer 1 · 2023-04-17T19:21:13+03:00

The type of externality that is likely to result from a consumer's decision to purchase a solar-powered vehicle instead of a gas-powered vehicle is postive externality.

<h3>What is postive externality?</h3>

A good has positive externality if the benefits to third parties not involved in production is greater than the cost.

When a person purchases a solar-powered vehicle instead of a gas-powered vehicle, the level of pollution would reduce. This would reduce the health hazards and dangers of pollution.

To learn more about externalities, please check: brainly.com/question/26266710