Suppose That New Demands Greatly Reduce the Proved Reserves of Titanium

question 628

Multiple Choice

Suppose that new demands greatly reduce the proved reserves of titanium to unexpectedly low levels, and it appears that the new demands will continue. If the market price is unregulated, we should expect that the price will rise and

• A) increase exploration and encourage more effective recovery methods, resulting in additional new supplies of titanium.
• B) encourage consumers and manufacturers to conserve titanium.
• C) increase the incentive to find and use substitutes for titanium.
• D) All of the above.

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Definitions:

Formula

A mathematical relationship or rule expressed in symbols, or a prescribed and detailed method of doing something.

Malnutrition

A condition that occurs from consistently eating a diet in which nutrients are either not enough or are too much, causing health problems.

Stunting

The failure of children to grow to a normal height for their age due to severe and chronic malnutrition.

Neurons

Specialized cells of the nervous system that transmit information to other neurons, muscles, or gland cells.