Photovoltaic Cells (Solar Panels)have Been in Use Since the 1970s

question 73

Multiple Choice

Photovoltaic cells (solar panels) have been in use since the 1970s. Recently, new technology has been developed which some think will allow regular windows to be replaced with solar panels. If this technology works as these people expect what will happen in the market for solar energy?

• A)The new technology will cause the supply of solar energy to shift to the right and the price of solar energy to fall.
• B)The new technology caused an increase in the supply of solar energy and an increase in the price of solar energy.
• C)The new technology caused a decrease in the demand for solar energy.
• D)The new technology caused an increase in the quantity of solar energy supplied.

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Definitions:

Shipping Terms

Agreements or conditions that specify the responsibilities of the buyer and seller in the delivery of goods, including who pays for shipping and insurance.

Merchandise

Goods that are bought and sold in the course of business, usually in a retail environment.

Delivery Expense

The costs incurred by a business to transport its goods to the customer, often treated as a direct or indirect expense depending on the nature of the expense allocation.

Expense Account

An accounting account that tracks money spent or costs incurred in a business entity's operation.