What Can Be Said About the Demand and Supply of Natural

Multiple Choice

What can be said about the demand and supply of natural resources?

A) The quantity demanded of a natural resource will generally be less responsive to a change in price in the long run than in the short run.
B) The supply of a natural resource will generally be more responsive to a price change in the long run than in the short run.
C) The supply of a natural resource is fixed by nature; it cannot be responsive to a price change in the long run.
D) None of the above is correct.