Many public utilities burn oil to generate electricity.If the price of oil increases,we expect a shift to the _____ in the _____ curve for _____ and a _____ price for electricity.

A) right;supply;electricity;lower
B) left;supply;electricity;higher
C) right;demand;oil;higher
D) left;demand;oil;lower

Public Utilities

Companies that provide essential services such as water, electricity, and telecommunications to the public, often under government regulation.

Electricity

A form of energy resulting from the existence of charged particles such as electrons or protons.

Oil

A natural fossil fuel composed primarily of hydrocarbons, used globally as a primary source of energy and in various industrial applications.