The Figure Given Below Represents an Imperfectly Competitive Resource Market

The figure given below represents an imperfectly competitive resource market. Here common land (and not land used for specific purpose) is under consideration.Figure 18.1

-In the market for hardwood, everything else held constant, if the rate of interest increases:

A) the price of the hardwood will fall today.
B) the lumberjacks will harvest fewer trees today.
C) prices of boats and furniture will increase in the present period.
D) the lumberjacks will harvest all the trees leaving nothing for the future.
E) the price of the hardwood will fall in the future.