In 2026, California's cap-and-trade program is scheduled to further restrict the supply of carbon emissions permits allocated to industrial firms.
Explain one likely effect of this reduction in the supply of emissions permits.
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Markscheme
1.3.2 Externalities Questions
54 exam-style questions on Edexcel A A Level Economics 1.3.2 Externalities. Each one has a worked solution and a mark scheme showing where the marks go.