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Economists Predicted That the Price of a Depletable Natural Resource

Question 92

Multiple Choice

Economists predicted that the price of a depletable natural resource would rise by about 15 percent.Actually the price fell 10 percent.What most likely happened?


A) A government subsidy was removed.
B) Extraction costs increased.
C) Price controls were suspended.
D) An unexpected discovery of reserves was made.

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