If the Price of Coal, a Close Substitute for Oil

question 123

Multiple Choice

If the price of coal, a close substitute for oil, decreases, then the

• A)supply curve for oil will shift to the right.
• B)demand curve for oil will shift to the right.
• C)equilibrium price and quantity of oil will not change.
• D)demand curve for oil will shift to the left.
• E)supply curve of coal will shift to the left.

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Definitions:

Phosphoglycerate (PGA)

A three-carbon molecule that plays a critical role in both the glycolysis pathway and the Calvin cycle in photosynthesis.

Light-Independent Reactions

The series of biochemical reactions in photosynthesis that do not require light to proceed, occurring in the stroma of chloroplasts to synthesize glucose.

Photorespiration

Inefficient sugar-production pathway initiated when rubisco attaches oxygen instead of carbon dioxide to RuBP (ribulose bisphosphate).

Carbon Fixation

Process by which carbon from an inorganic source such as carbon dioxide is incorporated (fixed) into an organic molecule.