The type of externality where market equilibrium quantity produced will be more than socially optimal quantity in absence of governemtn intervention is Negative externality.
Let understand that whenever a production of good or service negatively affect the unrelated third party who is not directly involved in a market transaction, it is said that negative externality exists in the scenario.
A very good example of commonly cited Negative Externalities are air pollution and noise pollution which was caused during production an affects unrelated third party.
If there is presence of government intervention in the production, then, the production of goods or service will be halted.
Therefore, in conclusion, this type of externality is called the Negative Externality.
Read more about Negative Externality here
<em>brainly.com/question/13901028</em>
False? I’m not sure but that doesn’t mean that you’re qualified just because of rain in one because you are not find it for you to be able to be a pilot
Answer:
A. $27,600
B. $348000
Explanation:
A. Calculation for How much gain should Bramble recognize on this exchange
Recognized gain=$441000-$413400
Recognized gain=$27,600
Therefore Bramble recognize on this exchange is $27,600
B. Based on the information given we were told that the company received a used computer that has a fair value of the amount of $348000 from Blossom Company which means that the fair value amount of $348000 is what the acquired computer be recorded.
Answer:
The correct answer is letter "A": false; a decrease in demand for bicycle helmets does not increase the price of a bicycle helmet and an increase in the price of a bicycle helmet does not increase the supply of bicycle helmets.
Explanation:
In economics demand and supply represents a basic concept to understand fluctuations of price and consumer and producer variations. When prices rise, demand raises and supply decreases. When prices drop, demand drops and supply increases. <em>Demand has a direct relationship with the changes in price while supply has an inverse relationship with price.
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Thus, <em>if the demand for bicycle helmets decrease, the price of helmets will decrease. If there is an increase in the price of bicycle helmets there will be a decrease in the supply of bicycle helmets. The statement proposed in the case is false.</em>
