How do you explain why society has just recently begun

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Many people believe that using plant-derived fuels or biofuels to power combustion engines is a relatively new and innovative concept. However, Rudolf Diesel demonstrated an engine that was able to run on pure peanut oil at the World Exhibition in Paris in 1900. Using what you learned about supply and demand, how do you explain why society has just recently begun investing in the development and use of biofuels?

Reference no: EM13247499

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