Question: A(n) _________ externality occurs when a consumers quantity demanded increases because a greater number of consumers purchase the same good.

A(n) _________ externality occurs when a consumer’s

quantity demanded increases because a greater number of

consumers purchase the same good.

Step by Step Solution

★★★★★

3.46 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Microeconomics Questions!

Q:

Network Externalities and the Battle between Microsoft and Apple: Many markets related to technology products operate in the presence of network externalities because the value of such products to...

Q:

Review the concept of externalities from Chapter 5, page 148. If a market is a monopoly, will a negative externality in production always lead to production beyond the level of economic efficiency?...

Q:

MCQ questions: 1. An increase in oil prices, such as the oil shocks in the 70s, lead to _______ thereby causing ________ a movement along the AS curve; cost-push inflation a leftward shift in the AS...

Q:

occurs when a consumer's quantity demanded for a good increases because a q , number of consumers purchase the same good. A negative network externality; greater A positive network externality;...

Q:

occurs when a consumer's quantity demanded for a good increases because a purchase the same good ) A negative network externality; greaterA positive network externality; greater ) Bandwagon effect;...

Q:

A production possibility curve would ________ if the availability of an input decreased and would ________ if a lack of technology decreased production efficiency. (1 point) shift outward; shift...

Q:

Multiple Choice. _____ 1. The law of demand states that a. as price increases, quantity demanded increases. b. as price decreases, demand increases. c. there is a direct (positive) relationship...

Q:

Hello, I need help with these questions please: Multiple choice: _____ 1. The law of demand states that a. as price increases, quantity demanded increases. b. as price decreases, demand increases. c....

Q:

Economics 1 Module Test II Multiple Choice. 1. The law of demand states that a. as price increases, quantity demanded increases. b. as price decreases, demand increases. c. there is a direct...

Q:

Answer the following True or false questions. True or false? Total surplus is the seller's cost minus the buyer's willingness to pay. A Price floor set above the equilibrium price is a binding...

Q:

In mid-2009, Rite Aid had CCC-rated, 6-year bonds outstanding with a yield to maturity of 17.3%. At the time, similar maturity Treasuries had a yield of 3%. Suppose the market risk premium is 5% and...

Q:

You are the controller for Georgetown Company. At the end of its first year of operations, the company is experiencing cash flow problems. The following information has been accumulated during the...

Q:

Define the term autonomation as it is used in the Toyota production system. How is it related to the term automation? 19- Define the terms Andon and Bakayoke.

Q:

Why was taste aversion learning thought to be such a special form of learning? List the phenomena that suggested that it might follow unusual learning laws. Then use research on them to explain why...

Q:

Some professions, like hair cutting or hair braiding, are fairly close to perfectly competitive. These professions sometimes succeed in getting the government to establish licensing requirements that...

Q:

There are many wheat farms in the United States, and there are also more than 2,000 Panera Bread restaurants. Why, then, does a Panera restaurant face a downward sloping demand curve, while a wheat...

Q:

According to an article in the Wall Street Journal, in 2015 and 2016, Panera suffered from lower profits in part because of the costs of implementing its clean food strategy. Draw a graph showing the...

Q:

What is project scoping

Q:

Suppose an expression has connectives V ,, and variables p, r, s, t. How many rows does its truth table have?

Q:

Dumb and Dumber are 2 brothers. Dumb purchased, for a $100 price, a $100 face value bond that pays interest annually at 10%. The principal is due and payable at the end of 5 years. Dumber purchased,...