What Would We Expect to Happen with Prices or Quantities

question 184

Multiple Choice

What would we expect to happen with prices or quantities of natural resources if they were becoming scarcer?

• A) We would expect prices to be rising relative to other prices, as they have been.
• B) We would expect prices to be rising relative to other prices, but this has not occurred.
• C) We would expect known quantities to be increasing, as they have been.
• D) We would expect known quantities to be falling, but this has not occurred.

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