There Is a Concern That Carbon Emissions That Are a Byproduct

question 31

Essay

There is a concern that carbon emissions that are a byproduct of the burning of coal and other fuels contributes to global warming. One proposed solution is to tax the use of these fuels based on their carbon content. The following table gives information on the demand and supply of coal: $$\begin{array} { | l | r r r r r | } \hline \text { Price (\$/ton) } & 400 & 358 & 300 & 250 & 200 \\\hline \text { Quantity demanded } & 10 & 12 & 14 & 16 & 18 \\\hline \text { Quantity supplied } & 18 & 16 & 14 & 12 & 10 \\\hline\end{array}$$ What will be the free-market price and quantity, and what will be the price and quantity if the government requires suppliers to pay a $100 tax for each ton of coal produced?

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Definitions:

Horizontal

Refers to something that is arranged or lying flat, parallel to the plane of the horizon or perpendicular to the vertical.

Aboveground

Referring to the part of a plant or structure that is visible or exists above the surface of the soil or ground.

Endosperm

The nutritive tissue inside the seeds of most flowering plants, surrounding and nourishing the embryo.

Triploid

A term used to describe cell nuclei containing three sets of chromosomes, common in certain plant species and some animal species, leading to unique genetic traits.