What Happens to a Resource as It Becomes Scarcer

question 68

Multiple Choice

What happens to a resource as it becomes scarcer?

• A) The price rises and this increases the future supply relative to demand.
• B) The price rises and this increases the future demand relative to supply.
• C) The price falls and this increases the future supply relative to demand.
• D) The price falls and this increases the future demand relative to supply.

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Definitions:

Melanin

A pigment found in the skin, hair, and eyes that is responsible for their color and helps protect against UV radiation.

Acrochordon

Small, benign skin growths, often referred to as skin tags.

Lentigo

A small, clearly defined pigmented spot on the skin with a darker color than the surrounding area, often caused by sun exposure.

Bulla

A large blister containing fluid that lies between or beneath the skin's upper layers.