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With Marketable Pollution Permits, If the Demand for Emissions Shifts

question 64

Multiple Choice

With marketable pollution permits, if the demand for emissions shifts to the left, the equilibrium price of permits _______ and the equilibrium quantity _______ .


Definitions:

Reinforcement

In behavioral psychology, a consequence applied that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Introspection

The examination of one's own thoughts, feelings, and sensations as a means of personal reflection or psychological analysis.

Conditioning

A process of behavior modification by which a subject comes to respond in a desired manner to a previously neutral stimulus.

Masculinity

A set of attributes, behaviors, and roles associated with boys and men as prescribed by society.

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