Question
a.Suppose that the price of Bitcoin were to double in the next three months.What would happen to the amount of energy used by Bitcoin on
a.Suppose that the price of Bitcoin were to double in the next three months.What would happen to the amount of energy used by Bitcoin on a daily basis?
b.Suppose that the number of daily Bitcoin transactions were to double in the coming year, but the dollar price of Bitcoin remained unchanged.What would happen to the amount of energy used by Bitcoin on a daily basis?
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
