Suppose That Next Year the Government Fixes the Number of Pollution

question 135

Multiple Choice

Suppose that next year the government fixes the number of pollution permits at a quantity less than the number sold this year. If nothing else changes, next year the price of a pollution permit will be

• A) greater than the price of a permit this year.
• B) less than the price of a permit this year.
• C) equal to the price of a permit this year.
• D) equal to the price set by the government.

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Definitions:

Enzymes

Organic compounds which greatly accelerate the speed of almost every chemical reaction occurring inside cells.

Activation Energy

Energy that must be added to molecules to initiate a reaction.

Chemical Reactions

Processes that involve the transformation of substances by breaking and forming chemical bonds leading to new substances.

Temperature

A physical quantity expressing the subjective perceptions of hot and cold, measured by a thermometer in units of Celsius, Fahrenheit, or Kelvin.