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Cuba Cuba
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9 years ago
Sulfur dioxide emissions allowances are available for purchase on the Chicago Mercantile Exchange, and several environmental groups have raised money to purchase these certificates, which they subsequently destroy. What would be the impact of these environmental groups purchasing and then destroying these cap-and-trade certificates on the price of these certificates in the market?
A) The price rises.
B) The price falls to zero.
C) The price falls, but not to zero.
D) The price remains unchanged because the certificates are destroyed.
Textbook 
Economic Analysis of Social Issues

Economic Analysis of Social Issues


Edition: 1st
Author:
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IloveChiIloveChi
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9 years ago
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Cuba Author
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#2
9 years ago
I have a major exam next week. Thank you for taking the time to answer. Problem solved.
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#3
9 years ago
Cool! Good luck with your exams.
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