Question: Submit Answer Hide empts per question. Suppose that solar-powered car technology advances to the point that solar-powered cars become affordable for the average lit for

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Submit Answer Hide empts per question. Suppose that solar-powered car technology advances to the point that solar-powered cars become affordable for the average lit for incorrect consumer. Macmillan Learning Which type of externality is likely to result from a consumer's decision to purchase a solar-powered vehicle instead of a gas- ons. powered vehicle, and how does it arise? eedback on each lanations after This decision generates a question. O negative externality because companies that do not produce solar-powered cars will be put out of business. rental resources. O negative externality because including new technology in the cars will drive up the market price. +98 O positive externality because individuals can use the money they save on gasoline to help the local community. possible O positive externality because the replacement of gas-powered vehicles with solar-powered vehicles will result in less environmental pollution. Suppose the government is interested in moving the market closer to the socially optimal quantity. Which policy would likely result in the desired outcome?correct because including new technology in the cars will drive up the market price. O positive externality because individuals can use the money they save on gasoline to help the local community. Macmillan Learni O positive externality because the replacement of gas-powered vehicles with solar-powered vehicles will result in less environmental pollution. k on each ns after Suppose the government is interested in moving the market closer to the socially optimal quantity. n. Which policy would likely result in the desired outcome? esources. +98 possible An effective option is O a new tax levied on the makers of solar-powered cars. O a subsidy to consumers who choose to purchase solar-powered vehicles. O a price floor above the observed average price for a solar-powered car. O granting one firm monopoly rights to produce solar-powered vehicles

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