If Scientists Discover a New Form of Energy That Cuts

question 249

Multiple Choice

If scientists discover a new form of energy that cuts the cost of producing electricity to the equivalent of $10 a barrel, what will happen to the market for oil?

• A) The price of oil would rise because of the competition from the new energy source.
• B) The supply of oil would decrease because few suppliers can profitably produce oil at $10 a barrel.
• C) There would be no effect on the market for oil.
• D) Demand for oil would decrease over time since no one would pay more than $10 for a barrel of oil to produce energy.

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Definitions:

Sarc/o

Refers to flesh or connective tissue in medical terminology.

Trism

Involuntary muscle spasm of the jaw muscles, leading to difficulty in opening the mouth; often referred to as trismus.

Cancer

A disease characterized by the uncontrolled growth and spread of abnormal cells in the body.

Latin

An ancient Italic language historically spoken in the Roman Empire, now used primarily in Vatican City and as a liturgical language in the Roman Catholic Church.