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Use the article above to answer this question. According to the article, rms in the renewable energy industry are learning how to install and operate their installations using fewer resources. We can think of this as a shift in either the supply or demand curve for renewable energy. Which curve is shifting and why? Choose the best answer. 0 Supply curve, number of sellers 0 Demand curve, prices of substitutes and complements 0 Supply curve, technology 0 Demand curve, consumer preferences For the next 6 questions. refer to the following article by Doug Johnson, which appeared on Ars Technica on June 3. 2022. As solar and wind energy ramps up in the United States, the industries have gotten better at installing and operating their facilities. This experience can be seen in how the facilities are nanced. According to new research, people working in the eldsand adjacent oneshave learned to be more efcient, reducing the overall cost of power. Further, according to Mark Bolinger, a research scientist at Lawrence Berkeley National Laboratory and one of the paper's authors, this so-called learning rate can be extrapolated into the future, and it spells good news for the two renewable sources of energy. "The people who operate these turbines naturally get better over time as they do more of it. They get more efcient, and it allows them to lower their costs a bit," Bolinger told Ars, adding that the same holds true for the workers manufacturing the facilities. "Some of them have been doing it for a really long time... All things being equal, that should lead to a reduction in manufacturing costs." In all, the team looked at data from 908 wind farms and 822 solar operations in the United States. The plants are all larger than ve megawatts in capacity. For the wind farms, the team collected data from now until 1982, which is basically when the modern, utility-scale wind farm hit the US. For solar, the data goes back to 2007, which is when the rst utilityscale solar photovoltaic projects larger than ve megawatts were built in the US. The team studied this data until 2020 for both renewables. The research found that the people operating the solar and wind farms are learning to do so more efciently, lowering the LCOE. The same is true for nancing the plants, he added. When an industry is young, it's considered to be risky, so the cost of nancing is high. But as experience in the industry grows, lenders and investors become more comfortable with the assets and are willing to offer more competitive rates, which also leads to lower costs. "It's not just the upfront capital costs that can benet from learning. Instead, it's [that] really all ve or six LCOE inputs can benet from learning by doing over time. All of them can contribute to lower costs." The research tries to measure those cost reductions in each of those elements as they occurred over the years and then combine them to look at their aggregate impact on LCOE, Bolinger said. According to the reSearch, there were full-period LCOE-based learning rates of 15 percent and 24 percent for wind and solar, respectively. Use the article above to answer this question. Consider the renewable energy producon industry, which consists of a large number of rms that produce energy through various methods such as burning coal, operating wind turbines, or maintaining solar panels. From the consumer's perspective, suppose all energy is identical -- it doesn't matter where the energy was produced. What kind of competition best describes the renewable energy production industry? 0 Oligopoly 0 None of these 0 Perfect competition 0 Monopolistic competition 0 Monopoly Question 6 1 pts Use the article above to answer this question. What effect should we expect this learning to have on the equilibrium price and quantity of renewable energy? The price will [56'9\"] V and the quantity wil ' . decrease increase change ambiguously Question 6 1 pts Use the article above to answer this question. What effect should we expect this learning to have on the equilibrium price and quantity of renewable energy? The price wil v [ Select ] and the quantity will [ Select ] decrease change ambiguously increase