+1-415-670-9189
info@expertsmind.com
Result of a decrease in the supply of electricity
Course:- Microeconomics
Reference No.:- EM13700114





Assignment Help >> Microeconomics

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?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
An experiment was performed in a manufacturing plant by making 5 batches of a chemical using the stan- dard method (A) and 5 batches using a new method (B). The yields, expr
Why do you think today's computer systems are so vulnerable? Search magazines, newspapers, for a recent threat reported in the media. Provide the name of the source you used a
If we assume that all firms in a perfectly competitive constant cost industry are identical, we conclude that, in the long run, product price will exactly equal the firms' m
Presume the foreign and domestic interest rates are both initially equal to 4%. Now suppose the foreign interest rate rises to 6%. Describe what effect this will have on the e
Assume the firm can produce 5000 units of out put by combining its fixed capital with 100 units of labor and 450 units of raw materials. What are the total cost and average
Consider the russian ruble. In recent months, the value of the ruble has fallen considerably. The typical explanation for this is that political events, in the Ukraine, in par
The demands of distribution centers d and e are 2,300 and 1,400 items, respectively. The transportation is conducted by truck at the cost of 8 cents per item per kilometer.
Suppose you are the manager of a small pharmaceutical firm that received a patent on a new drug 3-years before. Despite strong sales and a low marginal cost of manufacturing t