Answer
upward
increase in
Work Step by Step
The lack of incentive for bettering abatement technologies will cause the supply curve for the polluting curve to shift upwards, and thusly an increase in equilibrium price with a reduction in quantity.
Microeconomics: Principles, Applications, and Tools (8th Edition)
by O'Sullivan, Arthur; Sheffrin, Steven; Perez, Stephen
Published by
Prentice Hall
ISBN 10:
0-13294-886-9
ISBN 13:
978-0-13294-886-9
Chapter 16 - External Costs and Environmental Policy - Exercises - 16.3 Traditional Regulation - Page 374: 3.5
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