Question: Objective: Able to applying microeconomics concepts to current events that currently affecting us today. Questions: Explain in detail the supply and demand of the electricity

Objective: Able to applying microeconomics concepts to current events that currently affecting us today.

Questions:

  1. Explain in detail the supply and demand of the electricity market?
  2. Why Texas' energy grid is unable to handle this winter storm?
  3. How has weather played a roll in the market?
  4. What alternative energy sources are being considered and how will supply and demand look like after this increase in energy?

Read the following to help:

  1. https://www.khou.com/article/weather/texas-energy/285-92c6d037-cb21-4313-824f-b5ec828ee3b2
  2. https://youtu.be/OftdL-JrvWg

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