Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine. (Use for 4-10) The horizontal axis is labeled Flu Vaccines. The vertical axis is labeled Price. There are values 0, 50, 75, 125, 150, 200, and 275 on the horizontal axis. There are values 0, 20, 40, 50, 60, 80, 90, 100, and 110 on the vertical axis. There are three labeled lines on the graph. Line MC emerges from value 20 on the vertical axis. It intersects with Line D-1, which runs from value 80 on the vertical axis and runs to 200 on the horizontal axis. Line MC also intersects with D-2, which runs between value 110 on the vertical axis and 275 on the horizontal axis. There are vertical and horizontal lines between values 50, 75, 125, and 150 on the horizontal axis and 50, 60, 80, and 90 on the vertical axis. The other values on both axis do not have horizontal or vertical lines emerging from them. What is Consumer Surplus when P = 80? what is the producer surplus when p = 80?

Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine. One of the demand curves below represents the private demand for the vaccine and the other represents the social demand for the vaccine. 110 100 S 90 80 70 60 50 40 30 20 Price (5/dose) 0 0 25 50 75 100 125 150 175 200 225 250 Quantity (doses/day)