Question
demand for sulfur dioxide by coal-fired electricity electricity producers is: P= 1,000 - 16Q where Q is quantity of sulfur dioxide measured in thousands of tons, and P is price per ton of sulfur dioxide.
Supposed EPA restricted the number of one-ton sulfur dioxide permits to 50,000.What would be the price of sulfur permits once all permits are traded?
Supposed EPA restricted the number of one-ton sulfur dioxide permits to 50,000.What would be the price of sulfur permits once all permits are traded?