Suppose a tax equal to the value of the marginal external cost at the optimal output is imposed on a pollution generating good. All of the following will result from the tax except
A) an increase in the equilibrium market price.
B) a decrease in the equilibrium quantity produced and consumed.
C) a decrease in market supply of the good.
D) an increase in demand for the good.
Answer: D
Economics
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The probability that an employed worker will lose his or her job in the next month is known as
A) the unemployment rate. B) the job finding rate. C) the underemployment rate. D) the job loss rate.
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At the start of the Civil War, the population in the U.S. was about half that of the United Kingdom
Indicate whether the statement is true or false
Economics