If the Price of Oil, a Close Substitute for Coal

question 21

Multiple Choice

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

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

---

Definitions:

Subjective Experiences

Individual, personal perceptions and feelings that are influenced by one's own unique perspectives and mental processes.

Individual's Personality

The distinctive and enduring pattern of thoughts, feelings, and behaviors that characterize a person's responses to life's situations.

Unconditional Love

A type of affection and care given without any expectations or limitations, often considered the purest form of love.

Healthy Personality

A concept referring to an individual's psychological state, characterized by well-being, adaptive coping strategies, resilience, and the capacity for growth and relationships.