With tradable emissions permits,the price of the permit is determined by:
A)the government.
B)the supply of and demand for permits.
C)environmental protection organizations.
D)the World Trade Organization.

Question

Quizplus · Accepted Answer

The price of tradable emissions permits is determined by the supply of and demand for permits. The government may initially allocate the permits, but once they are tradable, their price will fluctuate based on market forces. Environmental protection organizations and the World Trade Organization have no direct role in determining the price of emissions permits.

With Tradable Emissions Permits,the Price of the Permit Is Determined