If a nonrenewable resource such as oil suddenly became scarce while demand remained constant, the price of the resource would ________.
A) increase
B) move down the demand line
C) decrease
D) move down the supply line
E) remain unchanged
Answer: A
If a nonrenewable resource such as oil suddenly became scarce while demand remained constant, the price of the resource would ________.
A) increase
B) move down the demand line
C) decrease
D) move down the supply line
E) remain unchanged
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.