Question 2a: This one is specifically about natural gas! Please use the chart below to show three functions: the demand for natural gas, the supply of natural gas prior to the new natural gas discoveries (label it 2000), and the current supply of natural gas (label it this year). Further, on the chart show the year 2000 natural gas price and the current year price. For this question assume that there is no change in demand for natural gas from 2000 to this year. 2b. Look at the price changes you presented for natural gas in part a. For this question discuss how this price change could effect markets/products which rely heavily on natural gas. An example product that relies heavily on natural gas is electricity. (You can write about electricity or another product if you prefer.)
Question 2a: This one is specifically about natural gas! Please use the chart below to show three functions: the
2b. Look at the price changes you presented for natural gas in part a. For this question discuss how this price change could effect markets/products which rely heavily on natural gas. An example product that relies heavily on natural gas is electricity. (You can write about electricity or another product if you prefer.)
![Question 2a: This one is specifically about natural gas! Please use the chart below to show three
functions: the demand for natural gas, the supply of natural gas prior to the new natural gas discoveries
(label it 2000), and the current supply of natural gas (label it this year). Further, on the chart show the
year 2000 natural gas price and the current year price. For this question assume that there is no
change in demand for natural gas from 2000 to this year.
Price
Quantity
2b. Look at the price changes you presented for natural gas in part a. For this question discuss how this
price change could effect markets/products which rely heavily on natural gas. An example product that
relies heavily on natural gas is electricity. (You can write about electricity or another product if you
prefer.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1de1597e-eb9b-451a-b9e5-f73d94038120%2F3779acf0-edde-4392-9dfc-f09f6e6c9e39%2Fdckjzh8_processed.png&w=3840&q=75)
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