You will prepare and submit a term paper on Impacts of Rising Production of Biofuels on Economy. Your paper should be a minimum of 1000 words in length.

You will prepare and submit a term paper on Impacts of Rising Production of Biofuels on Economy. Your paper should be a minimum of 1000 words in length. Agricultural development would make Biofuel’ s production little higher. However, farmers would be in a position to produce higher amount of corps. Biofuel demand would also be increased as it is better oil direct alternative of oil &amp. gasoline. Oil market is direct competitor of Biofuel renewable energy. However, lower oil prices would put significant influence on biofuel price. In other case, if oil prices set at higher level. However, demand for biofuel would definitely get improved. Vehicle fuel consumption is increasing on daily basis. People therefore give importance to cheap energy sources. Today, farmers have been with improved agricultural and conversion productivity. Eventually, higher energy prices in the 2000s combined with subsidies and low food prices made biofuel profitable. Corn price is recently increased. Thereby, it lead to big losses to corn biofuel processors. Task B Consumer behavior has significant orientation with changing fuel preferences and corps prices. Vehicle technology hasn’t improved yet. However, natural oil is on large scale made base point for fuel consumption in engines. Consumer behavior has significant association with price fundamental concept. Income is inversely proportional to food prices. Whenever, food prices go up then one has to pay off little more for same things. Biofuel consumption would make people uneasy as food prices would be increased in the result of biofuel production. Natural oil is also vital reason besides higher prices. It directly impacts on transportation charges. However, farmers have to pay off big amount of their earnings in taxes. This makes them to charge end user little more amount.