The Hotelling Principle Is the Idea That the Price of a ________

Multiple Choice

The Hotelling Principle is the idea that the price of a ________ is expected to rise at a rate equal to the ________.

A) nonrenewable natural resource;inflation rate
B) unit of capital;interest rate
C) nonrenewable natural resource;interest rate
D) unit of capital;inflation rate
E) nonrenewable natural resource;percentage increase in demand