If lowcost solar power were to become a viable energy source in households across the United States, what would be the economic impact on energy prices?
A) Energy costs across the country would increase with adoption of the new energy source.
B) Housing prices would decrease as new homes were built with this new energy source.
C) Prices would increase due to difficulties with adoption of this new energy source.
D) Prices would decrease as competition increases in energy production.

Question

If low­cost solar power were to become a viable energy source in households across the United States, what would be the economic impact on energy prices?
A) Energy costs across the country would increase with adoption of the new energy source.
B) Housing prices would decrease as new homes were built with this new energy source.
C) Prices would increase due to difficulties with adoption of this new energy source.
D) Prices would decrease as competition increases in energy production.

Quizplus · Accepted Answer

Low-cost solar power would increase competition in the energy production industry, leading to lower prices for consumers. As more households adopt solar power, traditional energy companies may be forced to lower their prices to remain competitive. Overall, this would lead to a downward pressure on energy prices.

If Low­cost Solar Power Were to Become a Viable Energy

If Lowcost Solar Power Were to Become a Viable Energy