Business, 26.02.2020 01:50 baby0905rodriguez
Assume that the electricity from nuclear power has become a preferred source of electricity because it is cleaner than electricity produced by burning coal. At the same time, new regulations make it more expensive to produce electricity from nuclear power. What are the consequences?
(A) The demand curve for nuclear power will shift to the right, and supply for nuclear power will shift to the right. The result wil be an increase in both the equilibrium quantity and price for nuclear power.
(B) The demand curve for nuclear power will shift to the right, and the supply of nuclear power will shift to the ieft. The result will be an unknown change in the equilibrium price and an increase in the equilibrium quantity
(C) The demand curve for nuclear power will shift to the right, and the supply of nuclear power will shift to the left. The result will be a rise in the equilibrium price but an unknown change in the equilibrium quantity
(D) The demand curve for nuclear power will shift to the left, and the supply of nuclear power will shift to the right. The result will be an unknown change in the equilibrium price and a decrease in the equilibrium quantity
Answers: 1
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