Use the Figure Below to Answer the Following Questions

question 29

Multiple Choice

Use the figure below to answer the following questions. Figure 6.1.2
-Refer to Figure 6.1.2.What would be the maximum black market price of the good if a price ceiling is set at $10 a unit?

• A)$10
• B)$15
• C)$20
• D)50 goods sold at $10 and 50 goods sold at $20
• E)50 goods sold at $10 and 50 goods sold at $15

---

Definitions:

Methyl Bromide

A toxic gas used as a pesticide and for fumigation, known to deplete the ozone layer and hazardous to human health.

PCBs

Polychlorinated biphenyls, a group of toxic chemical compounds known for environmental persistence and health hazards.

Emissions Trading

A market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants.

Kyoto Protocol

An international treaty that commits its parties to reduce greenhouse gas emissions, based on the scientific consensus that global warming is occurring and that human-made CO2 emissions are driving it.