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Author Question: The diagram below shows a market for tradable pollution permits in a cap-and-trade system.FIGURE ... (Read 38 times)

ninaj

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on: Oct 12, 2022

The diagram below shows a market for tradable pollution permits in a cap-and-trade system.



FIGURE 17-9

Refer to Figure 17-9, which depicts the market for tradable pollution permits. If the environmental organization called "Friends of the Earth" buys a large quantity of pollution permits and decides to lock them in a vault and never sell them, then


◦ the demand curve shifts to the left, and the equilibrium price falls.
◦ the supply curve shifts to the right, and the equilibrium price falls.
◦ allocative efficiency is lost.
◦ the supply curve shifts to the left, and the equilibrium price rises.
◦ there is no impact on the equilibrium.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ninaj on Oct 12, 2022

ladan86

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ninaj

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

jamesnevil303

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Reply 3 on: Yesterday
Excellent

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