Which of the Following Best Explains the Falling Relative Prices

question 58

Multiple Choice

Which of the following best explains the falling relative prices of most of the natural resources?

• A)Most are renewable; therefore, the supply of natural resources is increasing.
• B)Our ability to conserve natural resources is increasing faster than their depletion.
• C)The demand for natural resources is diminishing due to the discovery of new substitutes.
• D)Prices of natural resources, adjusted for inflation, are in fact increasing.

---

Definitions:

Sales Commissions

Payments made to salespersons for facilitating or completing sales, typically calculated as a percentage of the sale price.

Shipping Costs

Expenses associated with transporting goods from one location to another, often included in the price of purchased items or paid separately by the buyer.

Public Sale

An auction or sale where goods or assets are sold to the highest bidder in a public setting.

Shipping Costs

Expenses associated with the transport of goods from one location to another.