For diagram regarding the negative externalities isn't s1 supposed to be the pinkish line and P1 and Q1 the blue one, even with the positive externalities D1=Blue line, P1 and Q1 blue line?
Negative externalities mean that full social cost is higher than private cost, meaning supply curve would be further to the left if external costs are considered. With the positive externalities social benefit is higher than private benefit, if the external benefits were fully accounted for the demand curve would be further to the right
Ok, I have been looking at the wrong videos series for Market Failure. Thank you so much for this!!! YAY!
Samee
This was incredibly explained, great video!
Thanks a lot for ur detailed explanation. It really helped me to prepare better for my exams.🤗
Glad it helped!
we got tasked to report abt this topic, your video greatly helps like sriously, thank you sir!!!
Thank you so much helped clear up some grey areas before my test, keep going :)
Good luck in the test!
Thank you for this great video! it's crystal clear
Great video!
Thank you greatly
Superb explanation 👍👍
This is helpful, thanks much
You're welcome!
Good video man, keep it up :)
Thank you!
Muito bom
Thank you,,, It helped😊
thank you so much sir, clear explanation. Appreciated!
You're welcome!
Thank you
For diagram regarding the negative externalities isn't s1 supposed to be the pinkish line and P1 and Q1 the blue one, even with the positive externalities D1=Blue line, P1 and Q1 blue line?
Negative externalities mean that full social cost is higher than private cost, meaning supply curve would be further to the left if external costs are considered.
With the positive externalities social benefit is higher than private benefit, if the external benefits were fully accounted for the demand curve would be further to the right
@@after_bell Thank you so much🙏🏽
O chachu sada english vich hth tng e 😹