What important factors and market forces influence


Problem

New U.S. tax legislation could include a tax credit for the use of alternative energy sources that significantly reduces the cost of using alternative fuels. Explain, in economic terms, how this may impact the world crude oil market. What important factors and market forces influence the magnitude of the impact? Use graphs to illustrate the impacts of these changes in the context of the market system.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What important factors and market forces influence
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