If there were a market for pollution rights established by a public agency that determined the amount of pollution that the atmosphere or a body of water can safely absorb,and the agency sold these rights to polluters,we could expect that:
A) the price of these pollution rights would increase over time as the economy grows.
B) there would be a surplus of pollution rights.
C) there would be a shortage of pollution rights.
D) there would be a black market for pollution rights.

Question

Quizplus · Accepted Answer

As the economy grows, the demand for pollution rights would increase, leading to an increase in their price over time. The economic principle of supply and demand suggests that when demand increases, and supply remains the same, the price increases.

If There Were a Market for Pollution Rights Established by a Public