With pollution permits,what is the nature of the supply curve for pollution rights
A)elastic
B)perfectly elastic
C)inelastic
D)perfectly inelastic

Name: With pollution permits,what is the nature of the supply curve for pollution rights A)elastic B)perfectly elastic C)inelastic D)perfectly inelastic
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Question

Quizplus · Accepted Answer

The supply curve for pollution rights is perfectly inelastic because the total number of permits is fixed by the regulatory authority, regardless of the price.

With Pollution Permits,what Is the Nature of the Supply Curve