If the price of a depleting resource does not rise as anticipated, it may be because:
A)new reserves of the resource were discovered.
B)new methods of mining or refining were developed.
C)price controls were passed by law.
D)All of the above are correct.

Question

If the price of a depleting resource does not rise as anticipated, it may be because:
A)​new reserves of the resource were discovered.
B)​new methods of mining or refining were developed. 
C)​price controls were passed by law. 
D)​All of the above are correct.

Quizplus · Accepted Answer

All of the given options could prevent the anticipated rise in price of a depleting resource. The discovery of new reserves would increase the supply and lower the price, new methods of mining or refining would increase efficiency and decrease production costs, and price controls enforced by law could artificially maintain low prices.

If the Price of a Depleting Resource Does Not Rise