Suppose the fracking technology allows oil producers to extract oil reserves previously unavailable. Use a diagram to show the effect this discovery would have over the long run price path of oil. What would be the effect this would have over the price of alternative sources of energy such as solar energy?

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The Answer of Suppose the fracking technology allows oil producers to extract oil reserves previously unavailable. Use a diagram to show the effect this discovery would have over the long run price path of oil. What would be the effect this would have over the price of alternative sources of energy such as solar energy?

Suppose the Fracking Technology Allows Oil Producers to Extract Oil