Social Sciences

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Economic Models for Market Dynamics and Externalities.

Two economic graphs: one illustrating the effect of a subsidy on the inoculation market, shifting demand and equilibrium, and the other depicting auto production's market equilibrium, highlighting cleanup costs and surplus areas associated with externalities.

This image features two economic graphs suitable for college-level economics textbooks, focusing on market dynamics and the impact of externalities. The graphs illustrate the effects of subsidies on inoculation markets and the relationship between auto production and cleanup costs, making it an essential visual aid for understanding supply-demand interactions and social costs in economics education.

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