Urgent Economics Help Please?

Discussion in 'Homework' started by ryan.wthxx, May 5, 2015.

  1. ryan.wthxx

    ryan.wthxx Well-Known Member

    So there's this article: http://www.theguardian.com/environm...ke-will-trigger-uk-coal-slowdown-say-analysts

    It's talking about the increase in the floor price for carbon (output).

    In school we've learnt about price floors and negative externalities and stuff, and one way to reduce the carbon emissions is to impose a tax on carbon producing activities (like tax on cars on roads etc). I haven't actually learnt about a tax, or a price floor for that matter on the output itself, anyone mind enlightening me on this, about how the problem is solved through the increase in the price floor and how a graph should look like for the concept involved in the article?
     
  2. SBVenom

    SBVenom Well-Known Member

    lmfao this is 6th grade stuff in the US. I thought asians were supposed to be proficient in every subject.
     
  3. ryan.wthxx

    ryan.wthxx Well-Known Member

    It's funny how you said this is grade 6 stuff in the US, but you couldn't even give a proper response that answers my question, only ad hominems. You're a great person :)

    Anyway, solved.