Writing Project 1 - 4. Use supply and demand to illustrate...

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Crystal Jenkins Evangeline Ortiz June 14, 2010 11:30AM TR ECO 2013 Writing Project #1 1. To meet the Obama administration’s targets for cutting greenhouse gas emissions, some researchers say, gas will cost how much per gallon? To meet the Obama administration’s targets for cutting greenhouse gas emissions, some researchers say, gas will cost $7.00 per gallon. 2. The goal to reduce carbon dioxide emissions in the transportation sector by what percent by 2020? The goal to reduce carbon dioxide emissions in the transportation sector by 14% by 2020. 3. Emissions by the nation’s transportation sector, consume what percent of the oil used in the United States? Emissions by the nation’s transportation sector, consume 70% of the oil used in the United States
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Unformatted text preview: 4. Use supply and demand to illustrate the impact of a carbon tax on the market for gas. The demand line will shift to the right because, there will be more buyers then there was before. The carbon tax will not cause anyone to stop driving and buying gas, but there will be kids getting to the point where they can drive to school, work, or just going out, which will increase the buyers on gas therefore causing a increase in demand. The demand line increasing, the supply line will decrease because there will be more people demanding it which will cause a shortage....
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Writing Project 1 - 4. Use supply and demand to illustrate...

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