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Many Public Utilities Burn Oil to Generate Electricity

Question 158

Multiple Choice

Many public utilities burn oil to generate electricity.If the price of oil increases,we expect a shift to the _____ in the _____ curve for _____ and a _____ price for electricity.


A) right;supply;electricity;lower
B) left;supply;electricity;higher
C) right;demand;oil;higher
D) left;demand;oil;lower

Correct Answer:

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