When an emissions tax is imposed on production of a good, the price will be __________ than it would be in the absence of the tax, and the equilibrium quantity will be __________ :

a. higher, higher
b. lower, lower
c. lower, higher
d. higher, lower

Ans: d. higher, lower

Economics

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What are the effects of a tariff on a good on various groups and on the total surplus in the country that imposes the tariff?

What will be an ideal response?

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As of 2011, government debt as a percentage of GDP was ________ in the United States, compared to 29 other major economies

A) higher than average B) extremely low C) highest D) lower than average

Economics