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    Economics Principles and Policy Study Set 2
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    Exam 16: The Economics of the Environment, and Natural Resources
  5. Question
    As a Resource Becomes More Scarce, We Expect Its Price
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As a Resource Becomes More Scarce, We Expect Its Price

Question 3

Question 3

Multiple Choice

As a resource becomes more scarce, we expect its price to


A) rise.
B) fall.
C) remain constant.
D) fluctuate wildly.

Correct Answer:

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