Answer to Question #70872 in Microeconomics for Jennifer

Question #70872
a) Briefly, explain the impact of subsidies of the gas market in Malaysia? b) Discuss the factors that have driven the increasing domestic demand for gas
Expert's answer
a) With subsidies on the gas market in Malaysia, gas prices for the poor consumer have declined substantially, as part of the population receives a subsidy because of its low income, which allows them to reduce the cost of gas.
b) The increase in domestic demand for gas was due to the introduction of subsidies for a certain part of the population, which allowed them to use more gas at the household to replace electricity.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

New on Blog