If the Number of Available Tradable Emissions Permits Increases,the Equilibrium

question 153

Multiple Choice

If the number of available tradable emissions permits increases,the equilibrium price of the permits _____ and the equilibrium quantity _____.

• A)increases;does not change
• B)increases;increases
• C)decreases;does not change
• D)decreases;increases

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Definitions:

Advisers (CEA)

Members of the Council of Economic Advisers, a group of economists who advise the President of the United States on economic policy.

Energetic Executive

A term often used to describe a presidency that is active, decisive, and strong in leadership, typically pushing forward policies and asserting control.

Obama

Barack Obama, the 44th President of the United States, served from 2009 to 2017, and is noted for being the first African American to hold the office.