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Suppose that you are an economist working for a public health agency and have been assigned the task of examining the market for flu shots in a local community. The graph below shows the market supply and demand curves for flu shots in the local community. The supply curve reflects the private marginal costs of providing flu shots, while the demand curve represents the direct marginal benefit to consumers of obtaining a flu shot.

Microeconomics, Economics

  • Category:- Microeconomics
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