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QUESTION 51 Externalities are 0 a. side effects passed on to a party other than the buyers and sellers in the market. Ob.e extemal forces that cause the price of a good to be higher than it otherwise would be. O C external forces that help establish equilibrium price. o d. side effects of government intervention in markets. Click Save and Submit to save and submit. Click Save All Answers to sove all answers Save All Answers
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Answer #1

Solution-

Externalities are side effects passed on to a party other than the buyers and sellers in the market

Option A .Externalities are side effects passed on to a party other than the buyers and sellers in the market is Correct Answer.

Reason -

externalities - a consequence of an industrial or commercial activity which affects other parties without this being reflected in market prices, such as the pollination of surrounding crops by bees kept for honey

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