Write an Intermediate Microeconomics essay (with graphs/calculus appropriately shown within the paper) along the following lines:
i) Draw and interpret a (simplified) figure illustrating the effects of a carbon tax (think supply and demand model in terms of consumer and producer surplus, deadweight loss, tax incidence, etc.): (around 75 words)
ii) Based on the above readings and others you have found, draw a graph comparing the effects of a carbon tax and of cap and trade: (around 75 words)
iii) (Focus of the essay) Describe the benefits and disadvantages of a carbon tax (especially some aspects that you might not able to incorporate and discuss in a graph). Please include the following in your discussion: (around 550 words)
a) Incidence of the tax / Producer and consumer surplus.
b) Price and quantity effects.
c) Differential elasticities of demand for different groups of demand (think for example about vehicle emissions).
d) Welfare implications of cap and trade vs carbon.
iv) In a few sentences, tell us whether in your personal opinion, the potential benefits of a carbon tax outweigh the disadvantages and costs discussed in some of these articles and explain why. If you think the goal of reducing pollution would be better served by some policy other than a carbon tax, what policy instrument would you use and why? (around 100 words)
and weight. Pretty Little Thing also collaborated with the famous plus size model Ashley Graham, which is very important because she is showing that even though she is a plus size women she is still very beautiful and an extremely successful woman in the fashion and beauty industry. According to Washington University, ‘78% of girls age 17 were unhappy with the way they looked’. Although platforms like Instagram can be the reason for this unhappiness due to the ideal body being plastered all over the media, it is also important for young girls to have these accounts to see plus size women such as Ashley Graham, who is a plus size model, accept and flaunt what they have and how look. Ashley Graham posts all pictures unedited and often in swimwear or underwear which shows off her curvaceous silhouette. Therefore, if more girls were seeing and being influenced by women like Ashley Graham then maybe what is perceived as a ‘normal’ or ‘ideal’ body type will challenge dominant ideals of feminine beauty and adapt more to today’s society. In addition to that, Pretty Little Thing also show their support for women who may have disabilities but still want to look and feel as confident as any other woman. A fashion blogger who is constantly being reposted onto Pretty Little Thing’s Instagram is Tess Daly who has 147,000 followers on Instagram and is known for her style and passion for makeup. Tess Daly was diagnosed with Spinal Muscular Atrophy at a young age but has not let being in a wheel chair stop her from embracing and showing off her beauty. Pretty Little Thing often repost when Tess Daly uploads a post wearing their products and always praise her for looking beautiful. This gives off a valuable message to anyone who isn’t necessarily confident in themselves to accept their differences and embrace who they are whether it be through makeup or clothes. Although there has been development in diversity within the fashion industry, disability is something that is not represented enough. Disabled models are rarely seen on runways, adverts or in magazines. Reichart Smith and Sanderson (2015), have developed on the discussion of “the opportunities provided by social media platforms that empower women to counter mainstream stereotypes directed at the female body and subvert conventional forms of the gaze through the use of the selfie, and self-present outside traditional gender norms”. This shows how women, no matter their sexuality, gender or body type can use social media platforms to p>GET ANSWER