Question: Review the table below, which shows the quantity supplied and quantity demanded fora private good. Price Quantity Supplied Quantity Demanded $1 3 7 $3 4

Review the table below, which shows the quantity supplied and quantity

demanded fora private good. Price Quantity Supplied Quantity Demanded $1 3 7

Review the table below, which shows the quantity supplied and quantity demanded fora private good. Price Quantity Supplied Quantity Demanded $1 3 7 $3 4 5 $5 5 5 $7 6 4 Assume the market shown is perfectly competitive and has social costs that exceed private costs. If these social costs were reected in the market, how many goods would be exchanged? Fewer than 5 units 0 5 units 0 6 units 0 More than 6 units 0 Indeterminate

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