Economic theory indicates that the amount consumed of a natural resource depends on
A) the price of the resource.
B) consumer income.
C) the price of substitute resources.
D) all of the above.

Question

Quizplus · Accepted Answer

The amount consumed of a natural resource is influenced by its price, consumer income, and the price of substitute resources, as all these factors affect demand and consumption decisions.

Economic Theory Indicates That the Amount Consumed of a Natural