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Graph 10-3 This Graph Reflects the Market for Kiwifruit

Question 111

Multiple Choice

Graph 10-3 Graph 10-3 This graph reflects the market for kiwifruit, where pesticide used by kiwifruit orchardists also unintentionally kills honey bees. -Refer to Graph 10-3.At the private market outcome, quantity Q₁ represents the: A) quantity of kiwifruit consumers will buy B) quantity of kiwifruit and honey consumers will buy C) socially optimal quantity of kiwifruit that should be produced D) optimal price of a kiwifruit from the standpoint of society as a whole This graph reflects the market for kiwifruit, where pesticide used by kiwifruit orchardists also unintentionally kills honey bees.
-Refer to Graph 10-3.At the private market outcome, quantity Q₁ represents the:


A) quantity of kiwifruit consumers will buy
B) quantity of kiwifruit and honey consumers will buy
C) socially optimal quantity of kiwifruit that should be produced
D) optimal price of a kiwifruit from the standpoint of society as a whole

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