Which are positive externalities in consumption. The more people there are with phones, the more likely they are to report any kidnappings and save a life. By being able to contact the authorities when the child isn’t. For example, as taken from an article by Denver post. “Austin Rasnic was found safe with the help of a tip received because of the alert, police said on Twitter at 9:53 p.m.” A child, Austin Rasnic, was kidnapped and thanks to a local bystander who witnessed it, was able to report it. In which they soon caught the criminal and saved the child. So in this case, the supply curve would shift up, due to the increase in watchful citizens increasing security. Refer to figure
Which are positive externalities in consumption. The more people there are with phones, the more likely they are to report any kidnappings and save a life. By being able to contact the authorities when the child isn’t. For example, as taken from an article by Denver post. “Austin Rasnic was found safe with the help of a tip received because of the alert, police said on Twitter at 9:53 p.m.” A child, Austin Rasnic, was kidnapped and thanks to a local bystander who witnessed it, was able to report it. In which they soon caught the criminal and saved the child. So in this case, the supply curve would shift up, due to the increase in watchful citizens increasing security. Refer to figure