-(Exhibit: Future Generations and Exhaustible Natural Resources) Given the Original

question 101

Multiple Choice

-(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.

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