Question: ASSIGNMENT (a). Difference between short and long run energy demand. How does technological advancement affect short and long demand? (b). what are the sources or

ASSIGNMENT

(a). Difference between short and long run energy demand. How does technological advancement affect short and long demand?

(b). what are the sources or determinants of energy price shocks?

(c). on the 15^th August, 2022, the Public Utility Regulatory Commission (PURC) announced 27.15% hike in electricity tariff. Explain how this will impact on firms.

(d). what are the various transmission mechanisms through which energy prices could affect the economy?

(e). Explain the term energy balance table. Using the section 3 of the energy balance table of Ghana 2020, discuss the implications of the distribution of final energy consumption among the economic agents. (Download the data from Energy Commission)

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