https://wiki.ubc.ca/api.php?action=feedcontributions&feedformat=atom&user=WilsonChan 2026-05-10T03:21:28Z User contributions MediaWiki 1.43.8 https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62402 2010-11-22T23:22:15Z

<p>WilsonChan: /* Conclusion */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.<br /> <br /> <br /> <br /> == '''Analysis''' ==<br /> <br /> <br /> The vehicle emission law has increased the price, as a result, the Marginal Cost Curve will shift up (MC0 to MC1).<br /> <br /> (P.S: The price effect to the demand is still elastic since customer can purchase vehicle in other province in Canada.) <br /> <br /> After the the Marginal Cost Curve shift up, the price of the vehicle in Quebec will increase and the quantity demand of vehicle will decrease as well.<br /> <br /> According to the economic theory, the black triangle is the dead weight lost before the rule changed.<br /> After the emission law applied, the dead weight lost increased (the black triangle + the grey area)<br /> <br /> In Summary, the vehicle emission law might be effective in terms of the environment. However, the society will suffer a dead weight lost because of the price changed. <br /> <br /> <br /> <br /> <br /> <br /> <br /> [[File:Quebec vechiles market.png]]<br /> <br /> <br /> <br /> == '''Conclusion''' ==<br /> <br /> <br /> In terms of economics, the Quebec vehicle emission law is a failure since it will increase the dead weight lost in the Quebec's vehicle market. One of the most failures is the government merely applied the law in Quebec. The Canadian government should apply the law in whole Canada, then the consumers cannot escape the price induction unless they purchase the vehicle in other counties. <br /> Even the consumers can purchase the vehicle in other countries, they will spend more opportunity cost (such as travel cost).<br /> As a result, the price effect on the demand will be more inelastic and the dead weight lost would be smaller.<br /> <br /> [[File:Elastic_and_inelastic_market.png]]<br /> <br /> <br /> According to the graph, we can clearly see that an inelastic demand curve will have a smaller induction of dead weight lost.<br /> <br /> <br /> == '''Pro Comment''' ==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62401 2010-11-22T23:21:50Z

<p>WilsonChan: /* Summary */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.<br /> <br /> <br /> <br /> == '''Analysis''' ==<br /> <br /> <br /> The vehicle emission law has increased the price, as a result, the Marginal Cost Curve will shift up (MC0 to MC1).<br /> <br /> (P.S: The price effect to the demand is still elastic since customer can purchase vehicle in other province in Canada.) <br /> <br /> After the the Marginal Cost Curve shift up, the price of the vehicle in Quebec will increase and the quantity demand of vehicle will decrease as well.<br /> <br /> According to the economic theory, the black triangle is the dead weight lost before the rule changed.<br /> After the emission law applied, the dead weight lost increased (the black triangle + the grey area)<br /> <br /> In Summary, the vehicle emission law might be effective in terms of the environment. However, the society will suffer a dead weight lost because of the price changed. <br /> <br /> <br /> <br /> <br /> <br /> <br /> [[File:Quebec vechiles market.png]]<br /> <br /> <br /> <br /> == '''Conclusion''' ==<br /> <br /> <br /> In terms of economics, the Quebec vehicle emission law is a failure since it will increase the dead weight lost in the Quebec's vehicle market. One of the most failures is the government merely applied the law in Quebec. The Canadian government should apply the law in whole Canada, then the consumers cannot escape the price induction unless they purchase the vehicle in other counties. <br /> Even the consumers can purchase the vehicle in other countries, they will spend more opportunity cost (such as travel cost).<br /> As a result, the price effect on the demand will be more inelastic and the dead weight lost would be smaller.<br /> <br /> [[File:Elastic_and_inelastic_market.png]]<br /> <br /> <br /> According to the graph, we can clearly see that an inelastic demand curve will have a smaller induction of dead weight lost.</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62390 2010-11-22T22:56:49Z

<p>WilsonChan: /* Summary */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.<br /> <br /> <br /> <br /> == '''Analysis''' ==<br /> <br /> <br /> The vehicle emission law has increased the price, as a result, the Marginal Cost Curve will shift up (MC0 to MC1).<br /> <br /> (P.S: The price effect to the demand is still elastic since customer can purchase vehicle in other province in Canada.) <br /> <br /> After the the Marginal Cost Curve shift up, the price of the vehicle in Quebec will increase and the quantity demand of vehicle will decrease as well.<br /> <br /> According to the economic theory, the black triangle is the dead weight lost before the rule changed.<br /> After the emission law applied, the dead weight lost increased (the black triangle + the grey area)<br /> <br /> In Summary, the vehicle emission law might be effective in terms of the environment. However, the society will suffer a dead weight lost because of the price changed. <br /> <br /> <br /> <br /> <br /> <br /> <br /> [[File:Quebec vechiles market.png]]<br /> <br /> <br /> <br /> == '''Summary''' ==<br /> <br /> <br /> In terms of economics, the Quebec vehicle emission law is a failure since it will increase the dead weight lost in the Quebec's vehicle market. One of the most failures is the government merely applied the law in Quebec. The Canadian government should apply the law in whole Canada, then the consumers cannot escape the price induction unless they purchase the vehicle in other counties. <br /> Even the consumers can purchase the vehicle in other countries, they will spend more opportunity cost (such as travel cost).<br /> As a result, the price effect on the demand will be more inelastic and the dead weight lost would be smaller.<br /> <br /> [[File:Elastic_and_inelastic_market.png]]<br /> <br /> <br /> According to the graph, we can clearly see that an inelastic demand curve will have a smaller induction of dead weight lost.</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62389 2010-11-22T22:50:21Z

<p>WilsonChan: /* Summary */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.<br /> <br /> <br /> <br /> == '''Analysis''' ==<br /> <br /> <br /> The vehicle emission law has increased the price, as a result, the Marginal Cost Curve will shift up (MC0 to MC1).<br /> <br /> (P.S: The price effect to the demand is still elastic since customer can purchase vehicle in other province in Canada.) <br /> <br /> After the the Marginal Cost Curve shift up, the price of the vehicle in Quebec will increase and the quantity demand of vehicle will decrease as well.<br /> <br /> According to the economic theory, the black triangle is the dead weight lost before the rule changed.<br /> After the emission law applied, the dead weight lost increased (the black triangle + the grey area)<br /> <br /> In Summary, the vehicle emission law might be effective in terms of the environment. However, the society will suffer a dead weight lost because of the price changed. <br /> <br /> <br /> <br /> <br /> <br /> <br /> [[File:Quebec vechiles market.png]]<br /> <br /> <br /> <br /> == '''Summary''' ==<br /> <br /> <br /> In terms of economics, the Quebec vehicle emission law is a failure since it will increase the dead weight lost in the Quebec's vehicle market. One of the most failures is the government merely applied the law in Quebec. The Canadian government should apply the law in whole Canada, then the consumers cannot escape the price induction unless they purchase the vehicle in other counties. <br /> Even the consumers can purchase the vehicle in other countries, they will spend more opportunity cost (such as travel cost).<br /> As a result, the price effect on the demand will be more inelastic and the dead weight lost would be smaller.<br /> <br /> [[File:Elastic_and_inelastic_market.png]]<br /> <br /> <br /> According to the graph, we can clearly see that an inelastic demand will have a smaller induction dead weight lost.</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4&diff=62388 2010-11-22T22:49:45Z

<p>WilsonChan: /* Group 4: Vehicle Emissions */</p> <hr /> <div>== Group 4: Vehicle Emissions ==<br /> <br /> [[File:349255589_fc66f1f279.jpg]]<br /> <br /> <br /> ----<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 1: Subsidizing Electric Vehicles|Article 1: Subsidizing Electric Vehicles]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 2: Canada and U.S. Unite on Car Emission Standards|Article 2: Canada and U.S. Unite on Car Emission Standards]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 3: Larimer County motorists to be charged $25 for biennial inspection|Article 3: Larimer County motorists to be charged $25 for biennial inspection]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 4: N.W.T. floats carbon tax idea|Article 4: N.W.T. floats carbon tax idea]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article_5:_Busting_Big_Oil|Article 5: Busting Big Oil: Sticker Shock at the Pumps Symbolizes the Fossil Fuel Malaise]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article_6:_Electric_Cars_Take_Off,_Quietly|Article 6: Electric Cars Take Off, Queitly]]<br /> * [[Article 7: Quebec’s Vehicle Emission Law Is Disputed]]<br /> * Article 8<br /> <br /> <br /> <br /> ----<br /> *[http://wiki.ubc.ca/Course:ECON371/UBCO2010WT1/ Econ 371 Main Page]</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4&diff=62387 2010-11-22T22:49:27Z

<p>WilsonChan: /* Group 4: Vehicle Emissions */</p> <hr /> <div>== Group 4: Vehicle Emissions ==<br /> <br /> [[File:349255589_fc66f1f279.jpg]]<br /> <br /> <br /> ----<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 1: Subsidizing Electric Vehicles|Article 1: Subsidizing Electric Vehicles]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 2: Canada and U.S. Unite on Car Emission Standards|Article 2: Canada and U.S. Unite on Car Emission Standards]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 3: Larimer County motorists to be charged $25 for biennial inspection|Article 3: Larimer County motorists to be charged $25 for biennial inspection]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 4: N.W.T. floats carbon tax idea|Article 4: N.W.T. floats carbon tax idea]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article_5:_Busting_Big_Oil|Article 5: Busting Big Oil: Sticker Shock at the Pumps Symbolizes the Fossil Fuel Malaise]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article_6:_Electric_Cars_Take_Off,_Quietly|Article 6: Electric Cars Take Off, Queitly]]<br /> * [[Article_7: Quebec’s Vehicle Emission Law Is Disputed]]<br /> * Article 8<br /> <br /> <br /> <br /> ----<br /> *[http://wiki.ubc.ca/Course:ECON371/UBCO2010WT1/ Econ 371 Main Page]</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62385 2010-11-22T22:48:29Z

<p>WilsonChan: /* Summary */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.<br /> <br /> <br /> <br /> == '''Analysis''' ==<br /> <br /> <br /> The vehicle emission law has increased the price, as a result, the Marginal Cost Curve will shift up (MC0 to MC1).<br /> <br /> (P.S: The price effect to the demand is still elastic since customer can purchase vehicle in other province in Canada.) <br /> <br /> After the the Marginal Cost Curve shift up, the price of the vehicle in Quebec will increase and the quantity demand of vehicle will decrease as well.<br /> <br /> According to the economic theory, the black triangle is the dead weight lost before the rule changed.<br /> After the emission law applied, the dead weight lost increased (the black triangle + the grey area)<br /> <br /> In Summary, the vehicle emission law might be effective in terms of the environment. However, the society will suffer a dead weight lost because of the price changed. <br /> <br /> <br /> <br /> <br /> <br /> <br /> [[File:Quebec vechiles market.png]]<br /> <br /> <br /> <br /> == '''Summary''' ==<br /> <br /> <br /> In terms of economics, the Quebec vehicle emission law is a failure since it will increase the dead weight lost in the Quebec's vehicle market. One of the most failures is the government merely applied the law in Quebec. The Canadian government should apply the law in whole Canada, then the consumers cannot escape the price induction unless they purchase the vehicle in other counties. <br /> Even the consumers can purchase the vehicle in other countries, they will spend more opportunity cost (such as travel cost).<br /> As a result, the price effect on the demand will be more inelastic and the dead weight lost would be smaller.<br /> <br /> [[File:Elastic_and_inelastic_market.png]]<br /> <br /> <br /> According to the graph, we can clearly see that an inelastic demand will have a smaller dead weight lost.</div>

WilsonChan https://wiki.ubc.ca/index.php?title=File:Elastic_and_inelastic_market.png&diff=62382 2010-11-22T22:47:28Z

<p>WilsonChan: </p> <hr /> <div></div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62376 2010-11-22T22:27:47Z

<p>WilsonChan: /* Summary */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.<br /> <br /> <br /> <br /> == '''Analysis''' ==<br /> <br /> <br /> The vehicle emission law has increased the price, as a result, the Marginal Cost Curve will shift up (MC0 to MC1).<br /> <br /> (P.S: The price effect to the demand is still elastic since customer can purchase vehicle in other province in Canada.) <br /> <br /> After the the Marginal Cost Curve shift up, the price of the vehicle in Quebec will increase and the quantity demand of vehicle will decrease as well.<br /> <br /> According to the economic theory, the black triangle is the dead weight lost before the rule changed.<br /> After the emission law applied, the dead weight lost increased (the black triangle + the grey area)<br /> <br /> In Summary, the vehicle emission law might be effective in terms of the environment. However, the society will suffer a dead weight lost because of the price changed. <br /> <br /> <br /> <br /> <br /> <br /> <br /> [[File:Quebec vechiles market.png]]<br /> <br /> <br /> <br /> == '''Summary''' ==<br /> <br /> <br /> In terms of economics, the Quebec vehicle emission law is a failure since it will increase the dead weight lost in the Quebec's vehicle market. One of the most failures is the government merely applied the law in Quebec. The Canadian government should apply the law in whole Canada, then the consumers cannot escape the price induction unless they purchase the vehicle in other counties. <br /> Even the consumers can purchase the vehicle in other countries, they will spend more opportunity cost (such as travel cost).<br /> As a result, the price effect on the demand will be more inelastic and the dead weight lost would be smaller.</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62368 2010-11-22T22:17:36Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.<br /> <br /> <br /> <br /> == '''Analysis''' ==<br /> <br /> <br /> The vehicle emission law has increased the price, as a result, the Marginal Cost Curve will shift up (MC0 to MC1).<br /> <br /> (P.S: The price effect to the demand is still elastic since customer can purchase vehicle in other province in Canada.) <br /> <br /> After the the Marginal Cost Curve shift up, the price of the vehicle in Quebec will increase and the quantity demand of vehicle will decrease as well.<br /> <br /> According to the economic theory, the black triangle is the dead weight lost before the rule changed.<br /> After the emission law applied, the dead weight lost increased (the black triangle + the grey area)<br /> <br /> In Summary, the vehicle emission law might be effective in terms of the environment. However, the society will suffer a dead weight lost because of the price changed. <br /> <br /> <br /> <br /> <br /> <br /> <br /> [[File:Quebec vechiles market.png]]<br /> <br /> <br /> <br /> == '''Summary''' ==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62367 2010-11-22T22:17:05Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.<br /> <br /> <br /> <br /> == '''Analysis''' ==<br /> <br /> <br /> The vehicle emission law has increased the price, as a result, the Marginal Cost Curve will shift up (MC0 to MC1).<br /> <br /> (P.S: The price effect to the demand is still elastic since customer can purchase vehicle in other province in Canada.) <br /> <br /> After the the Marginal Cost Curve shift up, the price of the vehicle in Quebec will increase and the quantity demand of vehicle will decrease as well.<br /> <br /> According to the economic theory, the black triangle is the dead weight lost before the rule changed.<br /> After the emission law applied, the dead weight lost increased (the black triangle + the grey area)<br /> <br /> In Summary, the vehicle emission law might be effective in terms of the environment. However, the society will suffer a dead weight lost because of the price changed. <br /> <br /> <br /> <br /> <br /> <br /> <br /> [[File:Quebec vechiles market.png]]</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62364 2010-11-22T22:12:39Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.<br /> <br /> <br /> <br /> == '''Analysis''' ==<br /> <br /> <br /> The vehicle emission law has increased the price, as a result, the Marginal Cost Curve will shift up (MC0 to MC1).<br /> <br /> (P.S: The price effect to the demand is still elastic since customer can purchase vehicle in other province in Canada.) <br /> <br /> After the the Marginal Cost Curve shift up, the price of the vehicle in Quebec will increase and the quantity demand of vehicle will decrease as well.<br /> <br /> According to the economic theory, the black triangle is the dead weight lost before the rule changed.<br /> After the emission law applied, the dead weight lost increased (the black triangle + the grey area)<br /> <br /> <br /> <br /> <br /> <br /> <br /> [[File:Quebec vechiles market.png]]</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62358 2010-11-22T22:00:32Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.<br /> <br /> <br /> <br /> == '''Analysis''' ==<br /> <br /> [[File:Quebec vechiles market.png]]</div>

WilsonChan https://wiki.ubc.ca/index.php?title=File:Quebec_vechiles_market.png&diff=62357 2010-11-22T21:59:02Z

<p>WilsonChan: </p> <hr /> <div></div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62354 2010-11-22T21:45:28Z

<p>WilsonChan: /* Summary */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.<br /> <br /> <br /> <br /> == '''Analysis''' ==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62351 2010-11-22T21:20:32Z

<p>WilsonChan: /* Summary */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles emission problems. However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62350 2010-11-22T21:18:07Z

<p>WilsonChan: </p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule imposed increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles problems.However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62349 2010-11-22T21:17:24Z

<p>WilsonChan: /* Summary */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule was about imposing increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles problems.However,some of the government members said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec. The policy has underestimated the customer revolt. <br /> <br /> Nevertheless, there has been no obvious signs of customers revolt after the ruled changed.</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62348 2010-11-22T21:13:12Z

<p>WilsonChan: /* Summary */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule was about imposing increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. Under the regulation, a penalty payment of up to $5,000 will be added to the price of any new vehicles that exceeded the maximum emission standard.<br /> <br /> The idea of that emission law was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.<br /> <br /> There were a lot of people supported the policy and believed that would be one of the best solutions to solved the vehicles problems.However,some of the government said that the policy would deeply affect the vehicles market in Quebec. They believed that many customers will purchase their cars in other provinces since the law merely applied in Quebec.</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62340 2010-11-22T20:14:57Z

<p>WilsonChan: /* Summary */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article was about the Quebec's Vehicle Emission was being blasted. The rule was about imposing increasingly stringent limits on greenhouse gas (GHG) emissions from cars and light trucks made between 2010 and 2016 that are sold in the province. The idea of that emission was actually come from United States. Quebec was the first province in Canada to adopt California’s strict auto emissions standards. The policy maker believed that the emission from vehicles would be cut by about 35 percent in the next six years (2010-2016); the amount of carbon dioxide that the passenger vehicles produce would decrease from 187 grams per kilometer to 127 grams per kilometer by 2016.</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62339 2010-11-22T19:59:05Z

<p>WilsonChan: /* Summary */</p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''Quebec’s Vehicle Emission Law Is Disputed'''<br /> <br /> <br /> The article is about the Quebec's Vehicle Emission</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62338 2010-11-22T19:58:35Z

<p>WilsonChan: </p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> <br /> '''<br /> Quebec’s Vehicle Emission Law Is Disputed<br /> '''<br /> <br /> The article is about the Quebec's Vehicle Emission</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62330 2010-11-22T19:49:51Z

<p>WilsonChan: </p> <hr /> <div>== '''Summary''' ==<br /> <br /> Link to the article: <br /> <br /> http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse<br /> <br /> Quebec’s Vehicle Emission Law Is Disputed</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec%E2%80%99s_Vehicle_Emission_Law_Is_Disputed&diff=62329 2010-11-22T19:47:57Z

<p>WilsonChan: Created page with &#039;http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse&#039;</p> <hr /> <div>http://green.blogs.nytimes.com/2010/02/08/quebecs-new-vehicle-emission-law-in-dispute/?scp=1&amp;sq=Vehicle%20Emission&amp;st=cse</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4&diff=62328 2010-11-22T19:47:42Z

<p>WilsonChan: /* Group 4: Vehicle Emissions */</p> <hr /> <div>== Group 4: Vehicle Emissions ==<br /> <br /> [[File:349255589_fc66f1f279.jpg]]<br /> <br /> <br /> ----<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 1: Subsidizing Electric Vehicles|Article 1: Subsidizing Electric Vehicles]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 2: Canada and U.S. Unite on Car Emission Standards|Article 2: Canada and U.S. Unite on Car Emission Standards]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 3: Larimer County motorists to be charged $25 for biennial inspection|Article 3: Larimer County motorists to be charged $25 for biennial inspection]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 4: N.W.T. floats carbon tax idea|Article 4: N.W.T. floats carbon tax idea]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article_5:_Busting_Big_Oil|Article 5: Busting Big Oil: Sticker Shock at the Pumps Symbolizes the Fossil Fuel Malaise]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article_6:_Electric_Cars_Take_Off,_Quietly|Article 6: Electric Cars Take Off, Queitly]]<br /> * [[Article_7:_Quebec’s Vehicle Emission Law Is Disputed]]<br /> * Article 8<br /> <br /> <br /> <br /> ----<br /> *[http://wiki.ubc.ca/Course:ECON371/UBCO2010WT1/ Econ 371 Main Page]</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4&diff=62325 2010-11-22T19:41:04Z

<p>WilsonChan: /* Group 4: Vehicle Emissions */</p> <hr /> <div>== Group 4: Vehicle Emissions ==<br /> <br /> [[File:349255589_fc66f1f279.jpg]]<br /> <br /> <br /> ----<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 1: Subsidizing Electric Vehicles|Article 1: Subsidizing Electric Vehicles]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 2: Canada and U.S. Unite on Car Emission Standards|Article 2: Canada and U.S. Unite on Car Emission Standards]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 3: Larimer County motorists to be charged $25 for biennial inspection|Article 3: Larimer County motorists to be charged $25 for biennial inspection]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article 4: N.W.T. floats carbon tax idea|Article 4: N.W.T. floats carbon tax idea]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article_5:_Busting_Big_Oil|Article 5: Busting Big Oil: Sticker Shock at the Pumps Symbolizes the Fossil Fuel Malaise]]<br /> *[[Course:ECON371/UBCO2010WT1/GROUP4/Article_6:_Electric_Cars_Take_Off,_Quietly|Article 6: Electric Cars Take Off, Queitly]]<br /> * [[Course:ECON371/UBCO2010WT1/GROUP4/Article_7:_Quebec’s Vehicle Emission Law Is Disputed]]<br /> * Article 8<br /> <br /> <br /> <br /> ----<br /> *[http://wiki.ubc.ca/Course:ECON371/UBCO2010WT1/ Econ 371 Main Page]</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54873 2010-10-13T21:49:28Z

<p>WilsonChan: /* Conclusion */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> <br /> <br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> Left (old vehicle over 4 years)_________________________________________________Right (vehicle less than 4 years)<br /> [[File:Econ371group4article3graph3.jpg‎]]<br /> <br /> <br /> <br /> In short-run, the old vehicle market price will shift to the point A since the opportunity cost increased and then the price will go down in long-run after the demand decrease as well.<br /> <br /> On the other hand, the market price of the vehicle less than 4 years will go up and to point A. After the demand shift to the right, the price will go upper. <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph2.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> <br /> In summary, the inspection caused the cost of a vehicle increased. The program is not that efficiency since most of the cost are put on the consumers. They only set up a station and required all of the drivers to drive there and pay for the fees. As a result, the consumer surplus decreased and a dead weight lost occur in the society.<br /> <br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54865 2010-10-13T21:35:04Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> <br /> <br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> Left (old vehicle over 4 years)_________________________________________________Right (vehicle less than 4 years)<br /> [[File:Econ371group4article3graph3.jpg‎]]<br /> <br /> <br /> <br /> In short-run, the old vehicle market price will shift to the point A since the opportunity cost increased and then the price will go down in long-run after the demand decrease as well.<br /> <br /> On the other hand, the market price of the vehicle less than 4 years will go up and to point A. After the demand shift to the right, the price will go upper. <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph2.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54864 2010-10-13T21:34:17Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> Left (old vehicle over 4 years)_________________________________________________Right (vehicle less than 4 years)<br /> [[File:Econ371group4article3graph3.jpg‎]]<br /> <br /> <br /> <br /> In short-run, the old vehicle market price will shift to the point A since the opportunity cost increased and then the price will go down in long-run after the demand decrease as well.<br /> <br /> On the other hand, the market price of the vehicle less than 4 years will go up and to point A. After the demand shift to the right, the price will go upper. <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph2.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54863 2010-10-13T21:33:51Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> [[File:Econ371group4article3graph3.jpg‎]]<br /> <br /> Left (old vehicle over 4 years) Right (vehicle less than 4 years)<br /> <br /> In short-run, the old vehicle market price will shift to the point A since the opportunity cost increased and then the price will go down in long-run after the demand decrease as well.<br /> <br /> On the other hand, the market price of the vehicle less than 4 years will go up and to point A. After the demand shift to the right, the price will go upper. <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph2.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54862 2010-10-13T21:33:38Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> [[File:Econ371group4article3graph3.jpg‎]]<br /> <br /> Left (old vehicle over 4 years)<br /> Right (vehicle less than 4 years)<br /> <br /> In short-run, the old vehicle market price will shift to the point A since the opportunity cost increased and then the price will go down in long-run after the demand decrease as well.<br /> <br /> On the other hand, the market price of the vehicle less than 4 years will go up and to point A. After the demand shift to the right, the price will go upper. <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph2.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=File:Econ371group4article3graph3.jpg&diff=54860 2010-10-13T21:28:33Z

<p>WilsonChan: </p> <hr /> <div></div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54859 2010-10-13T21:28:24Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> [[File:Econ371group4article3graph3.jpg‎]]<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph2.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=File:Econ371group4article3graph2.jpg&diff=54858 2010-10-13T21:26:38Z

<p>WilsonChan: </p> <hr /> <div></div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54857 2010-10-13T21:26:28Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> [[File:Econ371group4article3graph1.jpg‎]]<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph2.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=File:Econ371group4article3graph1.jpg&diff=54856 2010-10-13T21:25:03Z

<p>WilsonChan: uploaded a new version of &quot;File:Econ371group4article3graph1.jpg&quot;:&amp;#32;Reverted to version as of 21:24, 13 October 2010</p> <hr /> <div></div>

WilsonChan https://wiki.ubc.ca/index.php?title=File:Econ371group4article3graph1.jpg&diff=54854 2010-10-13T21:24:53Z

<p>WilsonChan: uploaded a new version of &quot;File:Econ371group4article3graph1.jpg&quot;:&amp;#32;Changed</p> <hr /> <div></div>

WilsonChan https://wiki.ubc.ca/index.php?title=File:Econ371group4article3graph1.jpg&diff=54853 2010-10-13T21:24:25Z

<p>WilsonChan: uploaded a new version of &quot;File:Econ371group4article3graph1.jpg&quot;</p> <hr /> <div></div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54852 2010-10-13T21:23:28Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph1.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54851 2010-10-13T21:22:55Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> <br /> <br /> <br /> [[File:example.jpg]]<br /> <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph1.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54849 2010-10-13T21:22:33Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> <br /> <br /> <br /> [[File.example.jpg]]<br /> <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph1.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=File:Faraday_Law.jpg&diff=54848 2010-10-13T21:20:30Z

<p>WilsonChan: uploaded a new version of &quot;File:Example.jpg&quot;</p> <hr /> <div>Share of household income</div>

WilsonChan https://wiki.ubc.ca/index.php?title=File:Faraday_Law.jpg&diff=54847 2010-10-13T21:20:05Z

<p>WilsonChan: uploaded a new version of &quot;File:Example.jpg&quot;</p> <hr /> <div>Share of household income</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54845 2010-10-13T21:19:12Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> <br /> <br /> <br /> [[File.jpg]]<br /> <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph1.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54844 2010-10-13T21:18:42Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> <br /> <br /> <br /> [[File:Example.jpg]]<br /> <br /> <br /> <br /> <br /> <br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph1.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54842 2010-10-13T21:11:21Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> The total vehicle market<br /> [[File:Econ371group4article3graph1.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54841 2010-10-13T21:10:51Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> <br /> [[File:Econ371group4article3graph1.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase base on the cost change.<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54840 2010-10-13T21:06:58Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> <br /> [[File:Econ371group4article3graph1.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will go up. Point A<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase (Point B) (base on the cost change)<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54839 2010-10-13T21:06:23Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> <br /> [[File:Econ371group4article3graph1.jpg‎]]<br /> <br /> In the short run, The MC curve will shift up (MC0 to MC1), then the demand will drop and the price will goes up.<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase (base on the cost change)<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan https://wiki.ubc.ca/index.php?title=Course:ECON371/UBCO2010WT1/GROUP4/Article_3:_Larimer_County_motorists_to_be_charged_$25_for_biennial_inspection&diff=54838 2010-10-13T21:06:03Z

<p>WilsonChan: /* Analysis */</p> <hr /> <div>link of the article: http://www.coloradoan.com/article/20101010/NEWS01/10100333/Larimer-County-motorists-to-be-charged-25-for-biennial-inspection<br /> <br /> ==Summary==<br /> <br /> Start from next month, most of the registered motor vehicles in Larimer County will be subjected to a $25 testing fee in the next two years due to the air emission. If a a vehicles fail the test, it will require a repairing cost around $250-$280.<br /> <br /> In Larimer County, there was another emission program that mainly focused on carbon monoxide. It locally ended in 2006. The new emission program bases on the ozone. Ozone is a triatomic molecule which consisting of three oxygen atoms. The Ozone in the lower atmosphere is an air pollutant with harmful effects on the respiratory systems of of animals and will burn sensitive plants. In long-term, it can harm human's lung function and destroy the respiratory system. <br /> <br /> The program affects merely gasoline-powered vehicles. Any vehicles models from 1982 and later have to take the test at least every two years; the models which earlier than 1981 will require a test every single year. The test for the earlier models car will charge $15 per times. The vehicles which less than 4 years old will not require inspection. Also start from November 1st, some of the local residents will require an inspection when they purchase a vehicle.The inspection will officially start next year with the odd-numbered models and the even-numbered model will start in 2012.<br /> <br /> The article stated that residents will notice the air quality improve in a few years. It also stated that many drivers will complain and struggled. However, it still emphasized that the program will bring up a positive effect.<br /> <br /> ==Analysis==<br /> <br /> Since the cost of keeping vehicle increased, the demand of the vehicle which older than 4 years will be affected. <br /> Even the new vehicle will have a charge of the inspection. But driving to the test station and do the test required a opportunity cost. As a result, the increasing of cost that vehicle which older than 4 years will be more than new vehicle. <br /> <br /> The program will decrease the demand of the second hand vehicle market specially the the one that 4 years older and increase the demand of new vehicle market. The total demand and trading of vehicle will decrease yet just some of the demand of the second hand vehicle market will shift to the new vehicle market.<br /> <br /> <br /> [[File:Econ371group4article3graph1.jpg‎]]<br /> <br /> In the short run, when the MC curve will shift up (MC0 to MC1), then the demand will drop and the price will goes up.<br /> In the long run, the demand will shift (D0 to D1), then the quantity will drop, however, the price might remain unchanged or increase (base on the cost change)<br /> <br /> ==Conclusion==<br /> ==Prof's Comment==</div>

WilsonChan