Multiple Choice
If a nonrenewable resource such as oil suddenly becomes scarce while demand remains constant,the________ .
A) price of the resource would increase
B) price of the resource would remain unchanged
C) demand would cause the supply to increase
D) price of the resource would decrease
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Which of the following statements is true
Q6: _is the difference between the cost to
Q7: Mahogany is a tree found in the
Q8: Which of the following most accurately describes
Q9: When a commodity is in short supply,the
Q11: Read the following scenario, and answer the
Q12: The collapse of a fishery could be
Q13: The EPA's cost/benefit analysis of air pollution
Q14: Someone presenting a deontological argument for not
Q15: In a developing country experiencing rapid economic