Suppose That New Demands Greatly Reduce the Proved Reserves of Titanium

question 210

Multiple Choice

Suppose that new demands greatly reduce the proved reserves of titanium to unexpectedly low levels, and it appears that the new demands will continue. If the market price is unregulated, we should expect that the price will

• A) rise sharply, calling forth added exploration and more effective (and more costly) recovery methods, resulting in additional new supplies of titanium.
• B) rise sharply, calling forth new ways for manufacturers to conserve titanium and to find substitutes for it.
• C) over time, bring the quantity supplied of titanium into balance with the quantity demanded.
• D) do all of the above.

---

Definitions:

Gender Schema

Gender Schema is a cognitive framework that organizes information relating to gender and helps individuals understand and interpret gender-related information.

Appearance

The way that someone or something looks to other people, including physical features, clothing, and grooming.

Behavior

The actions or reactions of an entity (typically a person or animal) in response to external or internal stimuli.

Child Maltreatment

Physical, sexual, emotional abuse, or neglect of a child by a parent, caregiver, or another person resulting in harm or potential harm.