Consider the following two uses of the word demand in
news articles:
a. An article in the Wall Street Journal noted that an “increase
in the price of oil quickly reduces demand for oil.”
b. A different article in the Wall Street Journal noted, “Electric cars are poised to reduce U.S. gasoline demand by
5% over the next two decades.”
Do you agree with how these two articles use the word
demand? Briefly explain.
Sources: Josh Zumbrun, “Oil’s Plunge Could Help Send Its Price
Back Up,” Wall Street Journal, February 22, 2015; and Lynn Cook and
Alison Sider, “U.S. Gasoline Demand Is Likely to Slide,” Wall Street
Journal, June 20, 2016.