Graph 1. Supply and Demand of Good Based on Municipal Stormwater Tax Solution 1: Municipal Stormwater Tax Pigouvian Tax on products that are common contaminants such as lawn fertilizer, motor oil, and road salt SMC = PMC+ EMC - Disincentivizes purchasing stormwater pollutants - Reduces stormwater contamination PMC Considerations: - Tax can become regressive and impose harsh burden on lower income populations EMC MB = D Q(soc) Q(p) Quantity of Good Price of Good

Graph 1. Supply and Demand of Good Based on Municipal Stormwater Tax Solution 1: Municipal Stormwater Tax Pigouvian Tax on products that are common contaminants such as lawn fertilizer, motor oil, and road salt SMC = PMC+ EMC - Disincentivizes purchasing stormwater pollutants - Reduces stormwater contamination PMC Considerations: - Tax can become regressive and impose harsh burden on lower income populations EMC MB = D Q(soc) Q(p) Quantity of Good Price of Good

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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