economicsRefer to the Table.
$$
\begin{array}{|l|l|l|l|l|}\hline \text{Price} & \begin{array}{l}{\text { Quantity }} \\ {\text { Demanded }}\end{array} & \begin{array}{l}{\text { Quantity Supplied before }} \\ {\text { Considering Pollution cost }}\end{array}& \begin{array}{c}{\text { Quantity Supplied after }} \\ {\text { Considering Pollution cost }}\end{array}\\ \hline \$ 600 & {50,000} & {40,000} & {30,000}\\ \hline \$ 650 & {45,000} & {45,000}& {35,000} \\ \hline \$ 700 & {40,000} & {50,000} & {40,000}\\ \hline \$ 750 & {35,000} & {55,000}& {45,000} \\ \hline \$ 800 & {30,000} & {60,000}& {50,000} \\ \hline \$ 850 & {25,000} & {65,000} & {55,000} \\ \hline \$ 900 & {20,000} & {70,000} & {60,000} \\ \hline\end{array}
$$
The externality created by the production of refrigerators was $100. However, once both the private and additional external costs were taken into consideration, the market price increased by only$50. If the external costs were $100 why did the price only increase by$50 when all costs were taken into account? 2nd EditionDavid Anderson, Margaret Ray1,043 solutions

8th EditionN. Gregory Mankiw1,335 solutions

2nd EditionDavid Anderson, Margaret Ray1,001 solutions

1st EditionOpenStax, Steven Greenlaw, Timothy Taylor713 solutions