When marketable pollution permits are used, if the demand for emissions shifts to the right, the equilibrium price of permits _______ , and the equilibrium quantity _______ .
A) falls; increases
B) increases; stays the same
C) falls; falls
D) stays the same; increases
Correct Answer:
Verified
Q85: Marketable pollution permits are a(n):
A) tax system
Q86: Marketable pollution permits reduce pollution by:
A) promoting
Q87: Creating market-like _ to encourage reductions in
Q88: Markets allocate resources _ when the _
Q89: A charge that is equal to the
Q91: Reducing emissions so that the marginal benefit
Q92: Taxes are a more effective method of
Q93: Emissions taxes are an example of the
Q94: _ and _ are two incentive approaches
Q95: The government attempts to reduce the global
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