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    Economics Principles and Policy Study Set 1
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    Exam 16: Externalities, the Environment, and Natural Resources
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    If a Resource Is in Fact Becoming Scarcer, Then One
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If a Resource Is in Fact Becoming Scarcer, Then One

Question 122

Question 122

Multiple Choice

If a resource is in fact becoming scarcer, then one should expect


A) the price of the resource to rise.
B) less demand for the resource as people try to conserve.
C) greater supply as people reduce inventories before it is all gone.
D) all of the above.

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