When the price of petroleum goes up what probably happens


Question: 1. Do taxes usually increase the supply of a good or reduce the supply?

2. a. When the price of olive oil goes up, what probably happens to the demand for corn oil?

b. When the price of petroleum goes up, what probably happens to the demand for natural gas? To the demand for coal? To the demand for solar power?

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Microeconomics: When the price of petroleum goes up what probably happens
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