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Suppose That a Vaccine Is Developed for a Highly Contagious

Question 72

Multiple Choice

Suppose that a vaccine is developed for a highly contagious strain of flu.The likelihood that anyone will get this flu decreases as more people receive the vaccine.One of the demand curves in the diagram reflects private benefits and the other reflects social benefits. Suppose that a vaccine is developed for a highly contagious strain of flu.The likelihood that anyone will get this flu decreases as more people receive the vaccine.One of the demand curves in the diagram reflects private benefits and the other reflects social benefits. Refer to the figure above.If the flu vaccine is provided by private markets,deadweight loss will be _______. A) zero B) $375 C) $500 D) $1,125
Refer to the figure above.If the flu vaccine is provided by private markets,deadweight loss will be _______.


A) zero
B) $375
C) $500
D) $1,125

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