Question
What Would Happen to the Gasoline Market if the cost of cars that use alternative energy sources were cheaper than conventional cars (that is, those
What Would Happen to the Gasoline Market if the cost of cars that use alternative energy sources were cheaper than conventional cars (that is, those that use gasoline)? Globally there seems to be a consensus that investment should be made in the search for efficient alternative sources of energy in order to replace the use of fuels. Why has this become a global priority? What are the factors that affect the price of gasoline? According to your predictions, what would happen to the price of gasoline if the cost of cars that use alternative energy sources were cheaper than conventional ones (that use gasoline)? What would happen to the price of oil? What would happen to the demand for gasoline? What would happen to the quantity of gasoline demanded? What would happen to the supply of gasoline? What would happen to the demand for conventional cars?
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