A relatively large increase in the cost of electricity would likely
A)result in a large increase in the use of gas for home use immediately.
B)cause an immediate large decline in the use of electricity.
C)increase the use of gas and decrease the use of electricity after a time lapse.
D)cause an equal reduction in the use of electricity immediately.

Question

Quizplus · Accepted Answer

If there is a significant increase in the cost of electricity, consumers may shift towards using gas for heating, cooking, and other household functions. However, this is not likely to occur immediately. It may take some time for consumers to make the switch to gas and for gas infrastructure to be set up in areas where it is not currently available. Therefore, in the short term, there may be a decrease in the use of electricity, but in the long term, there is likely to be a shift towards greater use of gas and reduced use of electricity.

A Relatively Large Increase in the Cost of Electricity Would