Working on Chapter III
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@ -175,7 +175,8 @@
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\end{frame}
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%%%%%%%%%%%%%%%%%%%%
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\begin{frame}{Elasticity estimate}
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\onslide<1->{\begin{equation*}
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\only<1-2>{
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\onslide<1>{\begin{equation*}
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Elasticity_{S}=\sum_{t=0}^{t}\left(\frac{\Delta \theta_{t} \cdot \Delta q_{t}}{\Delta P_{oil,t}}\right)
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\end{equation*}
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}
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@ -183,6 +184,17 @@
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\onslide<2>{\begin{equation*}
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0.55=\sum_{t=0}^{120}\left(\frac{\Delta \theta_{t} \cdot \Delta q_{t}}{\Delta P_{oil,t}}\right)
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\end{equation*}}
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}
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\only<3->{
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\centering
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Average U.S. subdsidy estimated to be 0.11 \(\frac{MCF}{BBL}\)
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\begin{equation*}
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\text{Oil subsidy equivalent} =\frac{\$0.0605\cdot P_{gas}}{BBL}
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\end{equation*}
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}
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\end{frame}
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\begin{frame}[plain]
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