Consider the following two uses of the word demand in news articles: a. An article in the
Question:
Consider the following two uses of the word demand in news articles:
a. An article in the Wall Street Journal noted that an “increase in the price of oil quickly reduces demand for oil.”
b. A different article in the Wall Street Journal noted, “Electric cars are poised to reduce U.S. gasoline demand by 5% over the next two decades.” Do you agree with how these two articles use the word demand? Briefly explain.
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You should disagree with the quote from the first article because a change in the price o...View the full answer
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