Carbon Price Policy

The government of Canada has recently imposed a carbon price policy. Imposin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing the carbon price policy aims to reduce the consumption of carbon in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">intensive products. By imposin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing this policy, the Government of Canada hopes that consumers will change their behaviour of consumin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing energy (i.e. consumin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing less). Requirements for the project: please watch the video, read the news article, read all the comments and discussions in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in the comment section in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in the article and then answer the followin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing questions. 1. summarize the article in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in your language and list the main" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in ideas the article is discussin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing. 2. summarize the comments, discussions and different arguments in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in the comment section and provide your in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">insights and argument about the potential effect of the carbon price (i.e. the likely that it would change consumer behaviour or not? Or it would just in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">increase the government revenue from taxes without any effects on consumer behaviours?). You need to support the position (argument) that you will take by usin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing what we have studied in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in this course. 3. use the concepts and graphs we have studied in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in this course to explain" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in the followin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ings: a. List at least two carbon-in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">intensive products. b. The price elasticity of demand of carbon-in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">intensive products that you will have listed in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in poin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">int (a), and whether or not consumers would change their consumption behaviours because of the price elasticity of demand. c. Can the decision of the Canadian government be classified under the concept of price control (ceilin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing or floor)? d. What effects the government decision could have on the surplus or shortages of carbon in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">intensive products, if any?