By banning energy-inefficient incandescent light bulbs, governments create market incentives to decrease the cost of energy-efficient fluorescent bulbs.

Question

Quizplus · Accepted Answer

By banning energy-inefficient incandescent light bulbs, consumers are required to purchase energy-efficient fluorescent bulbs, creating a higher demand for these types of bulbs. This, in turn, incentivizes manufacturers to increase production and lower costs, making them more accessible to consumers.

By Banning Energy-Inefficient Incandescent Light Bulbs, Governments Create Market Incentives