Multiple Choice
Stricter environmental regulations and increased demand for energy have caused an increase in the demand for relatively clean natural gas. In the last several years, improved extraction technologies and new discoveries have increased the availability of natural gas. What has been the net effect on price and quantity for natural gas?
A) Quantity sold and price both fell with certainty.
B) Quantity sold fell and the effect on price is ambiguous.
C) Quantity sold and price both rose with certainty.
D) Quantity sold rose while the effect on price is ambiguous.
Correct Answer:
Verified
Correct Answer:
Verified
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