Use the figure above to answer the following question
-The effect of rising rates of consumption of metals will _____________.
A) have no effect on price
B) increase the lifetime of economically recoverable metal deposits
C) force prices lower as nations compete for limited resources
D) make prices higher as nations complete for limited resources
E) have the smallest effect on the price of lead, zinc, and copper, but largest for titanium

Question

Use the figure above to answer the following question
-The effect of rising rates of consumption of metals will _____________.
A) have no effect on price 
B) increase the lifetime of economically recoverable metal deposits 
C) force prices lower as nations compete for limited resources 
D) make prices higher as nations complete for limited resources 
E) have the smallest effect on the price of lead, zinc, and copper, but largest for titanium

Quizplus · Accepted Answer

According to the figure, as the consumption of metals increases, the economically recoverable reserves decrease, leading to higher prices. This implies that the rising rates of consumption will make prices higher as nations compete for limited resources.

Use the Figure Above to Answer the Following Question