Use the Following to Answer Question(s): Future Generations and Exhaustible

Use the following to answer question(s) : Future Generations and Exhaustible Natural Resources

-(Exhibit: Future Generations and Exhaustible Natural Resources) Given the original price of P₁ and the original quantity of Q₁, if the interest rate falls:

A) supply will shift to the left, price will go up, and the quantity consumed will go down.
B) supply will shift to the right, price will go down, and the quantity consumed will go up.
C) supply will shift to S₂, quantity will move to Q₂, and price will be P₂.
D) B and C are correct.