(Step-by-Step) (2 marks) Mark on two new diagrams what the supply and demand curves look like (i) in the presence of a negative consumption externality with
Question: (2 marks) Mark on two new diagrams what the supply and demand curves look like (i) in the presence of a negative consumption externality with a constant value of 20 for every unit consumed and separately (ii) in the presence of a negative production externality with a constant value of 20 for every unit consumed.
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