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Because There Is a Finite Supply of a Nonrenewable Resource

Question 53

Multiple Choice
Because there is a finite supply of a nonrenewable resource, as amounts of the resource are consumed,

Because there is a finite supply of a nonrenewable resource, as amounts of the resource are consumed,


A) the price of the resource rises.
B) the price of the resource falls.
C) the price of the resource rises to infinity.
D) the price of the resource falls to zero.
E) the price of the resource rises until it equals the present value of future resource amounts.

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