Time left 0:16:1 Suppose that elementary education creates a positive externality. If the government does not subsidize education, then Select one: O a. the equilibrium quantity of education will be less than the socially optimal quantity of education O b. the equilibrium quantity of education is optimal O c. the equilibrium quantity of education will be greater than the socially optimal quantity of education d. the equilibrium quantity of education will be equal to the socially optimal quantity of education

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Q: uppose that elementary education creates a positive externality. If the government does not absidize…

A: Given that the elementary education creates the positive externality. If government Subsidizes the…

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A: Negative externality: It arises when there are external costs.

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A: The answer is - a. Depletable and non-excludable.

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A: D) higher; lower

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Q: 10.00 Supply a.00 8.00 7.00 6.00 MSC 5.00 4.00 Demand 3.00 2.00 1.00 25000 50000 75000 100000 150000…

A: Option D is correct

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