How Do Scientists Suggest We Solve the "Trilemma" Created by the Shift

question 48

Multiple Choice

How do scientists suggest we solve the "trilemma" created by the shift in recent years from fossil fuels to biofuels, such as ethanol?

• A)They suggest we eat less food
• B)They suggest that governments offer additional subsidies for farmers who are growing biofuel crops
• C)They suggest that biofuel production should be carried out in very particular ways, such as by growing perennial grasses on abandoned fields
• D)They suggest that we ride our bikes and walk rather than drive

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Definitions:

Market Decline Curve

Graphical representation that shows the decrease in demand or value of a market or product over time.

Equilibrium Points

The state in a market where supply equals demand, and there is no incentive for price or quantity to change.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, leading to market equilibrium.

Supply and Demand

The basic economic principle where the quantity of goods supplied equals the quantity of goods demanded at a specific price point.