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Author Question: If petroleum is in short supply relative to demand, its price tends to rise. How does this affect ... (Read 23 times)

javeds

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on: Jul 14, 2018
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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Reply #1 on: Jul 14, 2018
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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