The Supply Curve of a Depletable Natural Resource Is Usually

question 209

Multiple Choice

The supply curve of a depletable natural resource is usually

• A)downward sloping because the resource runs out over time.
• B)upward sloping because more of the resource can be profitably extracted at higher prices.
• C)upward sloping because the price of the resource rises over time.
• D)vertical because the supply of the resource is fixed.

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