Supply
What is the main source of electricity in Lebanon?
Fuel-based energy
What happens to demand if electricity prices decrease ?
Demand increases.
What are the 2 main goods/services on a PPC graph?
Any two goods, for example, fuel-based energy and solar energy.
If you spend money on fuel instead of solar panels, what is the opportunity cost?
What SDG focuses on clean and affordable energy?
SDG 7 (Affordable and Clean Energy)
Name one factor that affects supply
Cost of production, availability of resources, etc.
Name 3 different factors that affects demand.
Income, price of electricity, availability of alternatives, etc.
What does a PPC curve show?
The maximum possible output of two goods with the given resources.
Give an example of opportunity cost in daily life.
Choosing between studying and working part-time (Time spend on one cannot be spend on the other) *answers may vary*
Why is SDG 7 (affordable and clean energy) important for Lebanon?
It helps Lebanon get cheaper, cleaner, and more reliable electricity, reducing the use of expensive and polluting fuel.
How is Lebanon’s energy crisis affect supply?
It decreases supply due to fuel shortages.
How does Lebanon’s economic crisis affect demand for electricity?
Lower income reduces demand for expensive electricity.
What happens to the PPC if Lebanon invests in renewables?
The PPC shifts outward due to increased production capacity.
How is using fuel instead of solar an example of opportunity cost?
The cost of fuel means Lebanon misses out on clean, cheaper solar energy benefits.
How can increasing the use of renewable energy in Lebanon contribute to SDG 7 (Affordable and Clean Energy)?
By increasing the use of renewable energy, Lebanon can ensure more consistent and affordable electricity while reducing the environmental impact of traditional energy sources.
What happens to the supply of electricity if fuel prices increase?
Supply decreases because production becomes more expensive.
What happens to the demand for solar energy if the government provides subsidies?
Demand increases because solar energy becomes more affordable.
How does inefficient infrastructure impact Lebanon’s PPC?
It limits the ability to produce more electricity, keeping the PPC from expanding.
How do opportunity costs affect in Lebanons decision to invest in renewables?
Investing in renewable sources means less money for other sectors but long-term benefits.
How does improving electricity access in Lebanon support multiple SDGs?
Better electricity access improves education (SDG 4), healthcare (SDG 3), and economic growth (SDG 8) by providing power for schools, hospitals, and businesses.
Explain how technological advancements in renewable energy can shift the supply curve for electricity.
Technological advancements such as improve solar panels or wind, turbines lower production costs and increase the efficiency of energy generation, the shifting the supply curve for electricity to the right (increasing supply)
Explain the difference between a movement along the demand curve and a shift in demand for electricity.
A movement occurs due to a price change; a shift happens due to non-price factors like policy changes or economic growth.
How would a nationwide shift to renewable energy affect Lebanons PPC in the long run?
The PPC would shift outward because investing in renewables increases energy production capacity, allowing Lebanon to produce more goods and services overall.
How can Lebanon minimize opportunity costs while transitioning to renewable energy?
Lebanon can minimize opportunity costs by gradually integrating renewable energy while maintaining some traditional sources in the short term.
How can SDG 7 (Affordable and Clean Energy) drive economic growth in Lebanon?
By investing in renewable energy, Lebanon can lower energy costs, create job opportunities, and improve access to electricity.