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Which of the following would cause an increase in the equilibrium price and decrease in the equilibrium quantity of watermelon?
Emissions Taxes
Taxes levied on the emission of pollutants, aimed at reducing environmental harm by incorporating the cost of pollution into the market price.
Tradable Emissions Permits
A regulatory system that allows companies to buy or sell allowances for a given amount of emissions, encouraging reduction in total emissions in a cost-effective manner.
Environmental Standards
Regulations and criteria set by authorities regarding the levels of pollutants that can be present in the environment or released over a certain time frame.
Positive External Benefits
Benefits experienced by third parties or the society at large due to an economic activity, which are not reflected in the market price of goods or services.
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