The Figure Given Below Shows the Demand and Supply Curves

question 52

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

-When the government tries to control pollution through cap and trade, it _____.

• A)issues permits that enables the owners of the permit to pollute
• B)allows polluting firms to produce public goods that reduce pollution
• C)levies tax on the polluting firm
• D)gives subsidies to the firms who adopt clean production technologies
• E)takes legal actions against the firms who pollute beyond the specified level

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Definitions:

Social Change

The transformation over time of cultural norms, values, societal structures, and patterns of behavior, which can be driven by various factors including innovation, conflict, and external influences.

Disorderly Fashion

A manner or pattern that lacks organization or coherence, often leading to confusion or chaos.

Manipulation

The action of skillfully controlling or influencing a person, situation, or mechanism to achieve a desired outcome.

Dominant Groups

Social groups that possess a disproportionate amount of power and resources, often exerting significant influence over societal norms and institutions.