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In an Effort to Decrease Carbon Emissions in California, the State

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In an effort to decrease carbon emissions in California, the state government decided to implement a "car buyback" program in order to decrease the number of cars on the streets. The California government would offer a $2,000 tax rebate for each car turned in. The cars would then be demolished and the steel recycled. Would a program like this succeed at significantly decreasing the number of cars driven in California? Explain.

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We would expect that the majority of car...

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