Author Question: If petroleum is in short supply relative to demand, its price tends to rise. How does this affect ... (Read 50 times)

javeds

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If petroleum is in short supply relative to demand, its price tends to rise. How does this affect the demand for coal?
 
  What will be an ideal response?

Question 2

How has concern over safety affected the cost of nuclear power?
 
  What will be an ideal response?



Yixagurpuldink

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Answer to Question 1

Answer: When oil prices rise, demand for coal rises to the extent that coal can be substituted for oil.

Answer to Question 2

Answer: Nuclear power has become more expensive as safety concerns have slowed plant construction and required more complex engineering.



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