How the given may impact the world crude oil market

Reference no: EM132130760

Question: 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.

Reference no: EM132130760

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