providing information Flashcards by Chloe Robertson | Brainscape

Q

Diagram Providing information

A

Ignore labels…

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Q

Diagram analysis providing info

A

information provision increases consumption of a product
Supply shortage in the market = increased price
Quantity increases
New equilibrium
aims to solve underconsumption
reduce welfare loss

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Q

advantages of providing information

A

same as other info policy

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