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:

Leadership Team

A group of individuals in charge of guiding, managing, and making strategic decisions for an organization or project.

Gatekeepers

Individuals or entities that control access to resources or decision-making processes within an organization.

Information

Data that has been processed or organized in a meaningful way that is valuable for decision-making.

Purpose Statement

A declaration that outlines the goals, intentions, or aims of a project or organization.