Assume There Is an Increase in the Price of Electricity

question 8

Essay

Assume there is an increase in the price of electricity (which is the result of a decrease in the supply of electricity),and electricity and natural gas are substitutes.How would this affect the demand for natural gas,and what would happen to the equilibrium price and quantity of natural gas?

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Definitions:

Discontinued Operations Section

A section in the financial statements that reports the results of operations that have been discontinued by a company.

Net Of Tax

This refers to the amount left after taxes have been subtracted from the total or the calculation made taking taxes into account.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits or losses over a particular period of time.

Linkage

The connection or relationship between two or more factors, objects, or systems.