Taking external costs of using refrigerators into account

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Refer to the figure below. Taking the external costs of using refrigerators into account: In this graph, the x-axis shows refrigerators and the y-axis shows price in dollars. The demand line slopes downward, and the lines S-public and S-private slope upward. S-public crosses the demand line at the point E1, or (40 thousand, 700). S-private crosses the demand line at E0, or (45 thousand, 650). Group of answer choices Causes the supply curve to shift up and to the left. Increases the equilibrium price and reduces the quantity demanded. Causes the supply curve to shift down and to the right. Increases the equilibrium price and quantity demanded.

Reference no: EM133636801

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