maddierhodus5352 maddierhodus5352

23-01-2020
Business

contestada

In an economy where heating oil is the primary source of heat for most households, new supplies of natural gas, a substitute for heating oil, are discovered. Natural gas provides heat at a much lower cost. What is the most likely effect of these discoveries on the market price and quantity of heating oil produced?Price Decreases & Quantity Decreases
Price Decreases & Quantity Increases
Price Increases & Quantity Decreases
Price Does Not Change & Quantity Does Not Change

Respuesta :

ewomazinoade ewomazinoade

24-01-2020

Answer:

Price Decreases & Quantity Decreases

Explanation:

As a result of the discovery of an alternative which is cheaper, consumers increase demand for natural gas. The demand for heating oil would fall. This would lead to a fall in price and quantity.

I hope my answer helps you

Ver imagen ewomazinoade

Answer Link

Otras preguntas

How did grand island,nebraska get it's name?

A rectangle has a length that is nine feet less than four times its width. It's area is 90 square feet. Algebriacally determine the length of its width and leng

Will give Brainliest! if right! Suppose you pick a card at random form the those below. Without replacing the first card you choose a second cars. Find the prob

Who preached christian humanism and used writings and a call to reform by preaching peace, reason, tolerance, and love?

{29, 29, 29, 28, 28, 27} What is the best measure of center for this data set? mean because there is an outlier mean or median because there is no outlier mode

The city of berlin which was located deep inside

Caleb is working in an Excel spreadsheet and realizes that he incorrectly spelled a word he used in multiple cells. Which can Caleb do in order to fix the error

At night , the demand for electricty supplied by a fission nuclear reactor decrease. how is the fission nuclear reaction controlled to avoid overproduction of e

With regard to the lower courts, the supreme court's primary responsibility is

Simplify (3a^2)^3 Help please.