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If the Law of Demand Holds, Then

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If the law of demand holds, then


Definitions:

Refined Product

A substance that has been processed and purified from its raw state to enhance its utility or value.

Coal

A combustible black or brownish-black sedimentary rock made largely of carbon and hydrocarbons, used as a fossil fuel for producing energy.

Natural Gas

A fossil fuel used primarily for heating, cooking, and electricity generation, consisting mainly of methane.

Energy Resources

Various sources of usable energy, such as fossil fuels, nuclear, solar, wind, and hydroelectric power, that can be utilized to produce power.

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