Please answer both parts thanks!!! Question 7 of 17 sapling learning In the earl
ID: 1198771 • Letter: P
Question
Please answer both parts thanks!!!
Question 7 of 17 sapling learning In the early 1990s, the United States developed a new rating system for energy efficient appliances and electronics equipment. The rating, known as Energy Star, was given to products that use less energy than conventional machines, and thus allowed to use a special symbol intended to identify these products to consumers and increase awareness of new, energy-efficiency technologies. What type of externality is likely to result from a consumer's decision to purchase an Energy Star appliance, and how does it arise? Negative because new technologies in these products will drive up the market price. O Positive because individuals can use money they saved on electricity to help the local community O Positive because these products will result in less environmental pollution O business Negative because companies that do not produce Energy Star products will be put out of Given the externality produced by such purchases, what is a likely policy response you would expect the US government to undertake? O O O O A new tax levied on the makers of Energy Star products A subsidy to consumers who choose to purchase Energy Star products Institute a price floor to protect the companies that produce Energy Star products The purchase of monopoly rights so the government can exclusively produce Energy Star productsExplanation / Answer
Positive because these products will result in less environmental pollution.
A subsidy to consumers who choose to purchase Energy Star products