QuestionAugust 20, 2025

Many homeowners have choice between heating oil and natural gas to heat their houses in winter, Which of the following is most likely to increase the price of natural gas? An increased preference for solar-powered heating A fall in the price of heating oil The discovery of a new source of natural gas An unusually severe winter

Many homeowners have choice between heating oil and natural gas to heat their houses in winter, Which of the following is most likely to increase the price of natural gas? An increased preference for solar-powered heating A fall in the price of heating oil The discovery of a new source of natural gas An unusually severe winter
Many homeowners have choice between heating oil and natural gas to heat their houses in
winter, Which of the following is most likely to increase the price of natural gas?
An increased preference for solar-powered heating
A fall in the price of heating oil
The discovery of a new source of natural gas
An unusually severe winter

Solution
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Answer

An unusually severe winter Explanation 1. Analyze the impact of increased preference for solar-powered heating Increased preference for solar-powered heating would likely decrease demand for natural gas, potentially lowering its price. 2. Analyze the impact of a fall in the price of heating oil A fall in the price of heating oil could lead to homeowners switching from natural gas to heating oil, decreasing demand for natural gas and potentially lowering its price. 3. Analyze the impact of the discovery of a new source of natural gas Discovery of a new source of natural gas increases supply, which typically leads to a decrease in price. 4. Analyze the impact of an unusually severe winter An unusually severe winter increases demand for heating, including natural gas, which is likely to increase its price.

Explanation

1. Analyze the impact of increased preference for solar-powered heating<br /> Increased preference for solar-powered heating would likely decrease demand for natural gas, potentially lowering its price.<br />2. Analyze the impact of a fall in the price of heating oil<br /> A fall in the price of heating oil could lead to homeowners switching from natural gas to heating oil, decreasing demand for natural gas and potentially lowering its price.<br />3. Analyze the impact of the discovery of a new source of natural gas<br /> Discovery of a new source of natural gas increases supply, which typically leads to a decrease in price.<br />4. Analyze the impact of an unusually severe winter<br /> An unusually severe winter increases demand for heating, including natural gas, which is likely to increase its price.
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