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Author Question: Which of the following lowers the current price of an nonrenewable natural resource? A) an ... (Read 115 times)

theo

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on: Jun 29, 2018
Which of the following lowers the current price of an nonrenewable natural resource?
 
  A) an increase in the interest rate
  B) a decrease in the stock of the resource
  C) an increase in the marginal revenue product of the resource
  D) an increase in the price of a substitute resource

Question 2

In the above figure, the rise in the price of a gallon of gasoline that created the movement from point C to point A would be shown as a movement ________ along the demand curve for ________.
 
  A) upward; coffee
  B) downward; coffee
  C) upward; gasoline
  D) downward; gasoline


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raili21

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


theo

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Reply #2 on: Jun 29, 2018
Thank you :)


raili21

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Reply #3 on: Jun 29, 2018
Happy to help you


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