Recent pine beetle infestations that are destroying trees in the western provinces are expected to cause the price of lumber to rise in the next six months. As a result, what can we expect to happen to the supply of lumber?

Question

Quizplus · Accepted Answer

The pine beetle infestations are currently destroying trees, which means the supply of lumber is falling now. Though the price of lumber is expected to rise in the next six months, it is unlikely that the supply will increase to meet demand as the infestations are ongoing. Therefore, the supply of lumber will likely decrease now.

Recent Pine Beetle Infestations That Are Destroying Trees in the Western