"University of Ottawa engineers, together with national and international partners, have achieved a world first by
manufacturing the first back-contact micrometric photovoltaic cells.
The cells, with a size twice the thickness of a strand of hair, have significant advantages over conventional solar
technologies, reducing electrode-induced shadowing by 95% and potentially lowering energy production costs by up to
three times."
Demand and supply theory predicts which of the following will occur in the market for solar energy with this new technology
ceteris
paribus?
A.
B.
C.
D.
The supply curve for solar energy will shift rightwards.
The demand curve for solar energy will shift leftwards.
The supply curve for solar energy will shift leftwards.
The price of solar energy will move above the equilibrium price.