Which of the Following Is an Example of a Permanent

question 40

Multiple Choice

Which of the following is an example of a permanent resource price differential?

• A)When the price of oil increases, oil exploration increases.
• B)When the price of CDs falls, CD production decreases.
• C)When demand for land in a city increases, its price increases above prices of land elsewhere.
• D)When demand for computer programmers increased, more people went into that field.
• E)When the price of oil rose, demand for solar panels increased.