Author Question: All else equal, when oil prices decrease, some economical sources of oil tend to become less ... (Read 59 times)

Redwolflake15 · **on:** Jun 29, 2018

All else equal, when oil prices decrease, some economical sources of oil tend to become less economical, and this will ________ proven reserves of oil and ________ the number of years it will take to deplete the stock of oil.

A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease

Question 2

Which of the following items is not one of the key functions of prices in the market system?

A) coordination
B) measuring desire
C) profit
D) measuring scarcity