-Refer to the Above Graph to Answer This Question

question 52

Multiple Choice

-Refer to the above graph to answer this question.If this product were taxed by an amount equal to the external costs,what would be the equilibrium values of price and quantity?

• A)$80 and 40.
• B)$100 and 30.
• C)$100 and 80.
• D)$120 and 70.
• E)$120 and 80.

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Definitions:

Climate Change

Substantial changes in global or regional climate patterns, notably since the late 20th century, largely attributed to increased levels of atmospheric carbon dioxide produced by fossil fuels.

End-Permian Extinction

The largest mass extinction event in Earth's history, occurring around 252 million years ago and resulting in the extinction of a significant proportion of marine and terrestrial species.

UV-B Radiation

A portion of the ultraviolet spectrum with wavelengths from 280 to 315 nanometers, known for its biological effects, including DNA damage and vitamin D synthesis in skin.

Acid Rain

Precipitation with a pH lower than normal, resulting from atmospheric pollution that causes environmental harm.