In each case below please identify the effect on the market, Ask an Expert

Economics

In each case below, please identify the effect on the market for coal and mention briefly the mechanism yielding to this effect.

a. The development of a new, lower cost mining technique

b. An increase in wages paid to coal miners

c. The imposition of a $2 per ton tax on coal

d. A widespread news report that demand for coal will be much lower next year

e. A new government regulation requiring air purifiers in all work areas

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91711063

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