Natural gas prices in Halifax, Nova Scotia, decrease because new wells are brought into production. At the same time, local oil prices rise because of increased shipping costs. As a result, what might you expect to find in the Halifax industrial sector?
A) Less natural gas will likely be used.
B) Oil consumption will likely be reduced.
C) Oil will be used to heat more homes.
D) Natural gas will be used to heat fewer homes.
Correct Answer:
Verified
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