Answer to Question #275755 in Economics for Marii

Question #275755

What will happen to the equilibrium quantity and equilibrium price of renewable energy resources if energy sector improves the technology? (Graph is not required

1
Expert's answer
2021-12-05T18:52:52-0500

if energy sector improves the technology, then the supply of renewable energy resources will increase, as a result the equilibrium quantity will increase and equilibrium price of renewable energy resources will decrease.


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