The private market demand curve for flu shots is P= 100 - 4Q, and the supply curve for flu shots is P = 22 + Q where Q is a million shots per year and P is the dollars per shot. Assume that the flu shots generate an additional benefit in that it reduces the likelihood of others getting sick. This benefit is reflected in a social demand curve P 112-4Q. The private market equilibrium quantity of shots produced is optimal amount of shots is, but the socially Around 9 to 10 million shots.... Around 10 to 11 million shots Around 7 to 8 million shots..... Around 18 to 20 million shots ......... Around 18 million shots.... Around 15 to 16 million shots Around 15 to 16 million shots.... Around 18 million shots

The private market demand curve for flu shots is P= 100 - 4Q, and the supply curve for flu shots is P = 22 + Q where Q is a million shots per year and P is the dollars per shot. Assume that the flu shots generate an additional benefit in that it reduces the likelihood of others getting sick. This benefit is reflected in a social demand curve P 112-4Q. The private market equilibrium quantity of shots produced is optimal amount of shots is, but the socially Around 9 to 10 million shots.... Around 10 to 11 million shots Around 7 to 8 million shots..... Around 18 to 20 million shots ......... Around 18 million shots.... Around 15 to 16 million shots Around 15 to 16 million shots.... Around 18 million shots

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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