The supply of a good or service that reflects only the private costs of its production is calledMultiple choice question.the demand of a good or service that reflects both the private and external costs of its production.external costsprivate supplysocial supply

Private demand isMultiple choice question.the demand for a good or service that considers only the private costs of its production.the demand for a good or service that considers only the private costs of its consumption.the demand for a good or service that considers only the private benefits of its production.the demand for a good or service that considers only the private benefits of its consumption.

Multiple Choice QuestionThe money or other consideration (including other products and services) exchanged for the ownership or use of a product is known asMultiple choice question.price.offer.discount.value.

Multiple Choice QuestionTotal revenue less (that is, minus) total cost is known asMultiple choice question.elasticity.income.demand.profit.

When the _________, the quantity demanded changes, ceteris paribus.Multiple choice question.price of a good changesincome of consumers changestastes and preferences of consumers changeprice of substitute goods changes

Multiple Choice QuestionImprovements in the quality of a variable resource increase Blank______ and therefore its demand.Multiple choice question.costsmarginal productivityqualityresource supplymarginal supply