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Use the Accompanying Figure to Answer the Following Question

Question 10

Multiple Choice

Use the accompanying figure to answer the following question -If a nonrenewable resource such as oil suddenly became scarce while demand remained constant, the price of the resource would ____________. A) increase B) decrease C) remain unchanged D) move down the demand line E) move down the supply line
Use the accompanying figure to answer the following question
-If a nonrenewable resource such as oil suddenly became scarce while demand remained constant, the price of the resource would ____________.


A) increase
B) decrease
C) remain unchanged
D) move down the demand line
E) move down the supply line

Correct Answer:

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