An Effluent Fee Is a

question 232

Multiple Choice

An effluent fee is a

• A) subsidy given to the producer of a positive externality.
• B) charge to a polluter that gives the right to discharge pollution into the air.
• C) fine imposed on a polluter for dumping illegal pollution.
• D) charge for a public good.

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Definitions:

Consumer Surplus

The split between the sum consumers are willing to pay for a good or service and the sum they finally pay.

Consumer Surplus

The discrepancy between the price consumers are inclined to pay for a product or service and the actual price paid.

Market Quantity

The total amount of goods or services available for purchase within a specific market.

Consumer Surplus

The divergence in total potential expenditure consumers are ready to make on a good or service against actual expenses incurred.