For a Nonrenewable Natural Resource, Such as Oil, the Equilibrium

question 150

Multiple Choice

For a nonrenewable natural resource, such as oil, the equilibrium price _______ the market fundamentals price.

• A) is always the same as
• B) can be less than but not greater than
• C) can be greater than but not less than
• D) can be less than, greater than or equal to