# This set of questions translates a supply and demand schedule for an output to demand for polluti… 1 answer below »

Pollution demand

Don't use plagiarized sources. Get Your Custom Essay on
This set of questions translates a supply and demand schedule for an output to demand for polluti… 1 answer below »
For as low as \$13/Page

questions translates a supply and demand schedule for an output to demand for pollution. Suppose the output is kwh of electricity, and each kwh of electricity generates 0.5 tons of CO2. The supply and demand schedules for electricity are as follows Quantity of Demand for Supply of Quantity Electricity Electricity Electricity of (WTP) (Cost) Pollution (kwh) (tons of CO2) 0 100 1 80 S 0.5 2 10 1.0 60 40 1.5 15 4 2.0 20 20 2.5 25 1.1. Pollution demand I Suppose the pollution price is \$50 per ton of Co2. What is the quantity of pollution demanded? (Hint: first figure out how this pollution price translates into a tax for the primary output electricity, then determine the quantity of electricity produced, which will help you finally get the quantity of pollution demanded. tons of CO2 Please enter 1 digit after the decimal point ” src=”https://files.transtutors.com/cdn/questions/transtutors006/images/transtutors006_c48130ce-a7fa-4df8-b1ac-c74d5fcb4d7d.png”>

This set of questions translates a supply and demand schedule for an output to demand for pollution. Suppose the output is kwh of electricity, and each kwh of electricity generates 0.5 tons of CO2. The supply and demand schedules for electricity are as follows Quantity of Demand for Supply of Quantity Electricity Electricity Electricity of (WTP) (Cost) Pollution (kwh) (tons of CO2) 0 100 1 80 S 0.5 2 10 1.0 60 40 1.5 15 4 2.0 20 20 2.5 25 1.1. Pollution demand I Suppose the pollution price is \$50 per ton of Co2. What is the quantity of pollution demanded? (Hint: first figure out how this pollution price translates into a tax for the primary output electricity, then determine the quantity of electricity produced, which will help you finally get the quantity of pollution demanded. tons of CO2 Please enter 1 digit after the decimal point