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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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Chapter
Section
BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

For each of your answers to Exercise 12.2 , will equilibrium price rise or fall or stay the same?

a)

To determine

The equilibrium price would rise or fall or stay the same if firm pays fine for their carbon dioxide emissions.

Explanation

If the producer is fined, they would pass on the extra price to the consu...

b)

To determine

The equilibrium price would rise or fall or stay the same if the firm is sued for polluting water.

c)

To determine

The equilibrium price rise of fall or stay the same if power plants are not required to address the impact of their air quality emission.

d)

To determine

The equilibrium price rise of fall or stay the same if the companies use fracking to remove oil and gas from rock need to clean the damage.

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