QUESTION 7 Graph 10-3 P Social Cost P Supply (Private Cost) P Demand Q1 Q This graph reflects the market for kiwifruit, where pesticide used by kiwifruit orchardists also unintentionally kills honey bees. Refer to Graph 10-3. For each tray of kiwifruit produced, the social cost would include which of the following? (i) the private costs of the kiwifruit farmers (ii) the enjoyment that buyers get from eating kiwifruit (iii) the cost beekeepers incur to replace hives that die because of pesticide use O A. (i), () and (iii) O B. (i) and (iii) only O c. (i) and (ii) only O D. (i) only

QUESTION 7 Graph 10-3 P P P Q Q Social Cost Supply (Private Cost) Demand This graph reflects the market for kiwifruit, where pesticide used by kiwifruit orchardists also unintentionally kills honey bees. Refer to Graph 10-3. For each tray of kiwifruit produced, the social cost would include which of the following? (i) the private costs of the kiwifruit farmers (ii) the enjoyment that buyers get from eating kiwifruit (iii) the cost beekeepers incur to replace hives that die because of pesticide use A. (i), (ii) and (iii) B. (i) and (iii) only C. (i) and (ii) only D. (i) only