Consider the following two uses of the word demand in news articles: a. An article in the

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Consider the following two uses of the word demand in news articles:
a. An article in the Wall Street Journal noted that an “increase in the price of oil quickly reduces demand for oil.”
b. A different article in the Wall Street Journal noted, “Electric cars are poised to reduce U.S. gasoline demand by 5% over the next two decades.” Do you agree with how these two articles use the word demand? Briefly explain.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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