19. A possible explanation for supply shifting from $1 to S2 is O a) an improvement in technology. Ob) a decrease in demand. O c) an increase in demand. O d) an increase in the cost of energy. O e) an increase in the number of buyers. QUESTION 20 20. Given that the U.S. government mandates the use of ethanol as a partial substitute for gasoline, and that ethanol manufactured in the U.S. is made from corn, what will happen if scientists develop a new highly efficient method of storing electrical energy? O a) Demand for ethanol will increase Ob) Demand for ethanol will decrease Oc) Supply of ethanol will increase O d) Supply of ethanol will decrease Oe) None of the above

19. A possible explanation for supply shifting from $1 to S2 is O a) an improvement in technology. Ob) a decrease in demand. O c) an increase in demand. O d) an increase in the cost of energy. O e) an increase in the number of buyers. QUESTION 20 20. Given that the U.S. government mandates the use of ethanol as a partial substitute for gasoline, and that ethanol manufactured in the U.S. is made from corn, what will happen if scientists develop a new highly efficient method of storing electrical energy? O a) Demand for ethanol will increase Ob) Demand for ethanol will decrease Oc) Supply of ethanol will increase O d) Supply of ethanol will decrease Oe) None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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