A government energy policy that focuses on new technologies for conservation and new sources of energy would result in
A)an increase in both the supply of and the demand for gasoline.
B)a decrease in both the supply of and the demand for gasoline.
C)an increase in the supply of gasoline along with a decrease in the demand for gasoline.
D)a decrease in the supply of gasoline along with an increase in the demand for gasoline.
E)no change in either the supply of or the demand for gasoline.

Question

Quizplus · Accepted Answer

Focusing on new technologies for conservation and new sources of energy would likely lead to an increase in the supply of gasoline (as new sources could include more efficient ways to produce gasoline or alternatives that reduce reliance on it) and a decrease in the demand for gasoline (as conservation efforts and alternative energy sources reduce the need for gasoline).

A Government Energy Policy That Focuses on New Technologies for Conservation