ExxonMobil Uses Natural Resources, Such as Reserves of Petroleum, to Produce

Multiple Choice

ExxonMobil uses natural resources, such as reserves of petroleum, to produce its goods and services. The value of these resources is likely to:

A) remain constant, because natural resources are created by natural forces and don't respond to market forces.
B) rise with either an increase in demand or with a decrease in supply.
C) fall with increased demand and rise with increased supply.
D) rise with decreased demand, but remain steady when supply falls.