Society's demand curve for abatement exhibits _____ abatement.

Question

Quizplus · Accepted Answer

Society's demand curve for abatement typically exhibits diminishing returns from abatement, meaning that as more abatement is achieved, the additional benefits from further abatement decrease. This reflects the principle that the most significant and cost-effective pollution reductions are addressed first, and as pollution levels decrease, further reductions become increasingly expensive and yield less benefit.

Society's Demand Curve for Abatement Exhibits _____ Abatement