To reduce the level of pollution emitted by firms in an industry, the government could use a cap and trade policy or a carbon tax. Which of the following is true?
a. the quanitity of the good sold will fall under either policy but there will be no change in the price of the good
b. the quantity of the good sold will fall with the carbon tax policy but not with the cap and trade policy
c. the price of the good sold will rise under either policy but there will be no change in the level of production
d. the price of the good sold will rise under either policy and there will be a reduction in the level of production
e. the price of the good sold will rise with the carbon tax policy but not with the cap and trade policy
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Home » Business » To reduce the level of pollution emitted by firms in an industry, the government could use a cap and trade policy or a carbon tax. Which of the following is true? a.