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Exhibit 17.6
-Refer to Exhibit 17.6,which shows the market for pollution rights.Which of the following could not have caused an increase in the demand for pollution rights?
American Citizens
Individuals who hold citizenship in the United States of America, either by birth or naturalization.
Inelastic Good
A product or service whose demand does not significantly change with a change in its price, indicating consumers' necessity or lack of substitutes.
Gasoline Expenditures
The total amount of money spent by consumers on gasoline, encompassing both retail purchases for vehicles and other uses.
Public Transportation
A system of vehicles such as buses, trains, and subways, provided by the government or private companies, for the purpose of transporting large numbers of people.
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