One Reason the U

Multiple Choice

One reason the U.S.government might subsidize research of an alternative to crude-oil based gasoline is that

A) more substitutes will reduce the price of crude-oil based gasoline.
B) more substitutes will increase the elasticity of crude-oil based gasoline.
C) more substitutes will reduce the impact of supply shocks on the price of crude-oil based gasoline.
D) Any or all of the above.