Petrol and Diesel Cars and Market Failure - Chains of Reasoning

[@charlierutherford4734]

you said the issue was with overconsumption but then went onto draw diagram for overproduction and drew a diagram for -ve externality in production

[@tutor2u-official]

Perhaps because my exam board requires this rather than the other diagram - sorry about this Charlie

[@charlierutherford6239]

@@tutor2u-official it’s alright I was just wondering is it wrong to draw a negative externality in consumption here as the negative externality is coming from overconsumption of diesel cars due to third party costs on polluted air and government due to more pressure on nhs.

[@woodyrushfirth2121]

@@tutor2u-official cheers proper understanding you

[@farhaankhodabaccus3466]

Can you please do a video on demand for money and interest rates with diagrams for better illustration..thank you..

[@tutor2u-official]

Thanks - on the case!