Answer the following questions. Please rewritethe questions and write in complete sentences and paragraphs. Remember that economics is a science and that we are concerned with describingwhat, how, and why behaviors occur,therefore it should be detailed enough to clearly convey the economic concepts, using the appropriate terminology. You should apply the material from this module and chapter and not the internet.

Assume that there is a positive externality in the market for organic bananas. The graph below shows the supply and demand curves for organic bananas.