ECONOMICS PAPER

Economics Paper



Economics Paper

Introduction

Demand for natural gas distribution is influenced by household, commercial, electricity generator and industrial use of natural gas. This paper discusses the causes for shifts in supply and demand for the “Natural Gas”, and impact of availability of substitutes on its price elasticity.

Factors for Shifts in Supply and Demand

Any increases in the price of crude oil positively affect industry growth, boosting profitability and revenue. It is often volatile, and it has a significant effect on gas industry revenue. When the price of crude oil goes up, gas-extraction firms will benefit. Oil price movements and changes in ...