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What are emission permits ? Illustrte with graph ? Make short note on international treaty in context of the

Question

What are emission permits.? Illustrte with graph.? Make short note on international treaty in context of the

environment?

higher? (3) What are emissions permits?
Illustrate with a graph.
a. If permits remain the same, what happens to price when an industrial
slow down
happens and the Aggregate MAC curve shifts upwards? b. What is tax interaction
effect? c. How do you implement permits when there are non-uniformly mixed
pollutants? (4) Write a short note (and your opinion) on international treaty
ormation in context of the
environment. What research could help in aiding this
process?
Economics