If Cutting Down a Native Forest Causes Many Rare Animals

question 97

True/False

If cutting down a native forest causes many rare animals to become extinct, a cost-benefit analysis would still class this as a cost, even if there is no market price for species survival.

---

Definitions:

Demand Curve

A visual depiction showing how the quantity of a product demanded is related to its price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price, holding all else constant.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers over a range of prices.

Upward-Sloping

Characteristic of a curve on a graph that demonstrates an increase in one variable as another variable increases, often seen in supply curves.