For this question, refer to your answers as (a), (b), etc. S…
For this question, refer to your answers as (a), (b), etc. Suppose that the graph below shows the private supply and demand for flu shots. a) What kind of market failure is associated with flu shots? b) If you could account for the market failure you identified in part (a), which curve(s) in the graph above would shift, and in which direction? c) If you could account for the market failure you identified in part (a), how would equilibrium quantity change in the graph above? d) In 10 words or fewer, propose a policy that would fix the market failure you’ve identified in part (a).