The Figure Given Below Shows the Demand and Supply Curves

question 61

Multiple Choice

The figure given below shows the demand and supply curves of automobiles.Figure 13.3
In the figure,
D: Demand curve of automobiles
S: Supply of automobiles prior to the tax
S+t: Supply of automobiles after the tax

-The European Union Emission Trading Scheme is an example of:

• A)a pollution tax.
• B)a pollution subsidy.
• C)a command approach.
• D)cap and trade.
• E)enforcing private property rights.

---

Definitions:

Behavior

is the range of actions and mannerisms made by individuals, organisms, systems, or artificial entities in conjunction with themselves or their environment.

Attitudes

A consistent manner of thinking or feeling towards something that usually influences an individual's actions.

Cognitive Dissonance

The psychological discomfort experienced when holding contradictory beliefs, values, or attitudes, often leading to an alteration in one of them to reduce the dissonance.

Induce

To bring about or give rise to something, often through a specific action or procedure.