***Correct answers will receive 1 mark. Incorrect answers will receive -0.75 mark. An answer left blank will receive 0 m

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Correct Answers Will Receive 1 Mark Incorrect Answers Will Receive 0 75 Mark An Answer Left Blank Will Receive 0 M 1 (76.58 KiB) Viewed 6 times

***Correct answers will receive 1 mark. Incorrect answers will receive -0.75 mark. An answer left blank will receive 0 marks. So decide carefully before you answer.*** In the town of Squamish, BC, the government has paid for the construction and maintenance of a new set of trails for snow shoeing in the winter. The trails have attracted more visitors to the town, as well as more investment in restaurant businesses. In the market for restaurant meals there has therefore been an increase in both demand and supply. The diagram below shows the market for restaurant meals before (D₁, S₁) and after the new trails (D2, S2). In a benefit cost analysis, the shaded area would represent the benefit in this market from the new trails. $ S₁ D₁ D₂ S2 QMeals