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-(Exhibit: Future Generations and Exhaustible Natural Resources) If S1 Is

Question 110

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-(Exhibit: Future Generations and Exhaustible Natural Resources) If S<sub>1</sub> is the current supply curve, the efficient price is _______ and the efficient consumption level is _______ . A) P<sub>3</sub> ; Q<sub>3 </sub> B) P<sub>1</sub> ; Q<sub>1 </sub> C) P<sub>2</sub> ; Q<sub>2 </sub> D) None of the above are correct.
-(Exhibit: Future Generations and Exhaustible Natural Resources) If S1 is the current supply curve, the efficient price is _______ and the efficient consumption level is _______ .


A) P3 ; Q3
B) P1 ; Q1
C) P2 ; Q2
D) None of the above are correct.

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