negative externality (spillover cost) exists from the chemicals used in the production process, The remains from the production process is dumped into a sludge lake that is onsite. Table 12.1 Graph attachment provided below the Q&A link to assist you with the concept. Graph the data to get a clearer understanding of the negative externality (spillover cost) concept. Price Quantity Demanded Quantity Supplied Quantity Supplied Private Costs Social Costs QD) (QSpc) (QSse) 200 0 360 225 160 30 300 150 110 90 270 90 80 165 255 75 60 240 240 60 20 300 195 45 2. Table 12.1. The equilibrum price and the equilibrium quantity when only private costs are considered are 26. Do private costs identify the negative externality (Spillover cost? Yes or No 26. The negative externality (spillover cost) is (select one: an underproduction or un overproduction) of the product 20. Does the underproduction concept correlate with the underallocation concept? Yes or No Resource Klipa heladicionary.com underproduction Resource hups/www.courschero.com/file/p3illed/Under-allocation-of- resources4-the-good-and-allocative-inefficiency-Since-a/ 20. Does the overproduction concept correlate with the overallocation concept? Yes or NO Resource: http://www.quora.com/What-does-over-production-lead-to- CONOMICOM Resource: psww.techopedia.com/definition 30867/over-allocation