Which of the following best describes the impact of increased concerns regarding the environment and climate change?
A) It has likely caused the marginal social cost curve to shift to the right.
B) It has likely caused the marginal social benefit curve to shift to the right.
C) It has likely caused the marginal social cost curve to shift to the left.
D) It has likely caused the marginal social benefit curve to shift to the left.

Question

Quizplus · Accepted Answer

Increased concerns regarding the environment and climate change have likely led to greater awareness and demand for goods and services that have lower environmental impact or mitigate climate change. This would shift the marginal social benefit curve to the right, reflecting the increased social benefits from consuming such goods and services.

Which of the Following Best Describes the Impact of Increased