Production and consumption of green goods shifts the demand curve for fossil-based power _______________,

Question

Quizplus · Accepted Answer

The production and consumption of green goods (such as solar panels and wind turbines) reduces the demand for fossil-based power, leading to a shift in the demand curve for fossil-based power to the left. This is because consumers are now substituting the use of fossil-based power with alternative energy sources.

Production and Consumption of Green Goods Shifts the Demand Curve