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    Microeconomics Study Set 23
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    Exam 15: Investment, Time, and Capital Markets
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    As the Stock of a Depletable Resource Falls, Its User
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As the Stock of a Depletable Resource Falls, Its User

Question 111

Question 111

Multiple Choice

As the stock of a depletable resource falls, its user cost:


A) rises.
B) falls.
C) is unchanged, but its price rises.
D) is unchanged, but the extraction cost rises.
E) is unchanged, but its true cost rises.

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