Carbon taxes are applied to the producers of carbon emissions such as the oil and gas companies that extract the fossil fuels from the earth, but those taxes get passed on to the consumer. How much do consumers end up paying for energy when it comes to the carbon tax? a.they end up paying a small percentage of the carbon tax regardless of the energy source b.they end up paying an amount greater than the carbon tax so that the company profits c.they end up paying an amount proportional to the amount of the greenhouse gases released d.they end up switching to reusable sources and paying no carbon tax at all

carbon tax are imposed on the company and industry in order to reduce the output of greenhouse gases…

Answered: producers of carbon emissions such as…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Carbon taxes are applied to the producers of carbon emissions such as the oil and gas companies that extract the fossil fuels from the earth, but those taxes get passed on to the consumer. How much do consumers end up paying for energy when it comes to the carbon tax?

	a.	they end up paying a small percentage of the carbon tax regardless of the energy source
	b.	they end up paying an amount greater than the carbon tax so that the company profits
	c.	they end up paying an amount proportional to the amount of the greenhouse gases released
	d.	they end up switching to reusable sources and paying no carbon tax at all

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