Which of the Following Statements Is True About the Demand

question 116

Multiple Choice

Which of the following statements is true about the demand for and/or the supply of natural resources?

• A) The supply curve for natural resources is more elastic in the long run than in the short run.
• B) The elasticity of demand for electricity, natural gas, and gasoline equals approximately 0.1 in both the short run and the long run.
• C) Natural resources are demanded by consumers and producers in steadily growing amounts, so future shortages are inevitable.
• D) The supply of many natural resources is finite; thus the long-run elasticity of supply must be zero.

---

Definitions:

Durkheim's Theory

A sociological theory proposed by Émile Durkheim, which posits that society is a complex system whose parts work together to promote solidarity and stability.

Egoistic Suicide

Suicide committed by people who feel alienated from others and who lack social support.

Social Role Disorientation

Confusion or uncertainty about social roles due to changing societal expectations or personal transitions.

Durkheim's Theory

A sociological perspective proposed by Emile Durkheim that studies how societal forces and structures influence behavior, norms, and values.