The price of natural gas doubles. What would happen to the quantity of the natural gas in a market system?
A) The quantity decreases because it is too expensive to produce.
B) The quantity increases because it is worthwhile to drill into lower quality fields.
C) The quantity increases because new natural gas is being created.
D) The quantity decreases because it is too expensive and people do not buy it.
E) The quantity stays the same because the price of a resource does not change the availability of that resource.
Correct Answer:
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