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According to the Hotelling Principle,the Price of an Nonrenewable Resource

Question 161

Multiple Choice

According to the Hotelling Principle,the price of an nonrenewable resource is expected to


A) fall slowly over time.
B) fall at a rate equal to the interest rate.
C) fluctuate randomly.
D) rise at a rate equal to the interest rate.
E) remain constant over time.

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