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    Exam 16: The Economics of the Environment, and Natural Resources
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    When a Resource Is Being Depleted and Becomes Scarce, the Market's
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When a Resource Is Being Depleted and Becomes Scarce, the Market's

Question 169

Question 169

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When a resource is being depleted and becomes scarce, the market's way of encouraging conservation is for the price of the resource to rise, without any government intervention.

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