Rising Prices for a Natural Resource Stimulate

question 126

Multiple Choice

Rising prices for a natural resource stimulate

• A)the development of complements for the resource.
• B)the development of substitutes for the resource.
• C)the development of externalities from the resource.
• D)All of the above are correct.

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Definitions:

University

An institution of higher education and research, which grants academic degrees in a variety of subjects.

Saltwater Fishing

The practice of fishing in ocean waters, distinct from freshwater fishing, targeting sea fish species.

Black Bass

A common name for several species of fish in the sunfish family, popular among anglers for sport fishing.

Striped Bass

A popular game fish native to the Atlantic coast of North America, known for its distinctive dark stripes running along the body.