Economics for Today 9th Edition by Irvin Tucker

Exercise 25

A global agreement known as the Montreal Protocol led to the phase-out of chlorofluorocarbons (CFCs), chemical compounds found in aerosol cans and refrigerants. CFCs may have contributed to the growing hole in the ozone layer. With a diminished ozone layer, there is an increased chance of skin cancer. Explain the effect of this agreement on the price of deodorants and air-conditioning. Also, is a ban on CFCs an efficient approach to the ozone hole problem?