[SOLVED] Which statement defines externality?

Which statement defines externality?
a)It is a change in demand brought about by factors other than price.
b)It is the external factors that cause a rise in the supply of goods or services.
c) It is the external factors that cause a decrease in the supply of goods or services.
d)It is the impact of production and consumption on unrelated third parties.
Which statement defines externality?
a)It is a change in demand brought about by factors other than price.
b)It is the external factors that cause a rise in the supply of goods or services.
c) It is the external factors that cause a decrease in the supply of goods or services.
d)It is the impact of production and consumption on unrelated third parties.

Answer:

The best answer for Which statement defines externality?

Externality is the quality or state of being external or externalized.

The correct answer is d)It is the impact of production and consumption on unrelated third parties.

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