
-(Exhibit: Future Generations and Exhaustible Natural Resources) Given the original price of P1 and the original quantity of Q1, if the interest rate falls:
A) supply will shift to the left, price will go up, and the quantity consumed will go down.
B) supply will shift to the right, price will go down, and the quantity consumed will go up.
C) supply will shift to S2, quantity will move to Q2, and price will be P2.
D) B and C are correct.
Correct Answer:
Verified
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