But, by decreasing the number of people wanting gas and improving fuel efficiency, we decrease the demand for gas and LOWER THE PRICE. Lower prices create a disincentive for innovation and lengthens the time to conversion to alternative energies.
Thursday, July 21, 2005
Applied Economics
Tim Habb has a useful illustration of the value of knowing how to apply economic analysis:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment