In the graph below showing the benets from producing and consuming vaccines. the dark line labeled Sp shows the Supply curve based on prod ucers' costs. and the dark line labeled Dc shows the Demand curve based on the consumers' benets. [Note_. this is the same graph as in #20. with different lines labeled). Based on youranswer to question #20. which of the following shows the optimum price and quantity? P C:- [A] p2 and :42 @- IB) p1 and q2 C:- [C) p2 and q1 {3:- [D] p1 and q']. In the graph below showing the benets from producing and consuming vaccines. the dark line labeled Sp shows the Supply curve based on prod ucers' costs. and the dark line labeled Dc shows the Demand curve based on the consumers' benets. [Note_. this is the same graph as in #21). Which of the following is the proper policyr to correct for the external benets of vaccine based on your previous answers? P -:j:j:- {B} a subsidy equal to the distance from p1 to p2 {:1- [Di 3 subsidy.r equal to the distance from be to p2 {:1- [C) a tax equal to the distance from p0 to p2 {a} [A] a tax equal to the distance from p1 to p2 The graph below showing the benefits from producing and consuming vaccines against contagious diseases. The dark line labeled Sproducers shows the Supply curve based on producers' costs, and the dark line labeled Dconsumer shows the Demand curve based on the consumers' benefits. P A Sproducers B Pm C Dconsumer E O Q qmarket O the line marked C O the line marked A O the line marked B O the line marked E5. Which would an example of a moral hazard problem? O the government subsidizes flood insurance, lowering the price, leading to construction companies building more homes in places likely to be flooded, knowing that home buyers can purchase cheaper flood insurance. O a business that receives a subsidy from the government to insulate their factory O a person who pays taxes on the purchase of cigarettes O a person in poor health who purchases life insurance3. Public goods are goods or services where: 0 businesses CANNOT charge the consumer for the good or service, AND use by one consumer DOES NOT leave less to be consumed by another. businesses CAN charge the consumer for the good or service, AND use by one consumer DOES leave less to be consumed by another. O businesses CANNOT charge the consumer for the good or service BUT use by one consumer DOES leave less to be consumed by another. 0 Businesses CAN charge the consumer BUT use by one consumer does NOT leave less to be consumed by another. 4. The government is needed to provide public goods because: O private firms cannot make consumers pay for the use of these goods. O government enterprises can produce these goods at lower cost. O the private production of public goods increases income inequality. O there is no need or desire for such goods