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Author Question: The fact that new methods to extract oil are developed as oil prices increase suggests (Read 66 times)

warrenjean01

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on: Oct 12, 2022
The fact that new methods to extract oil are developed as oil prices increase suggests
◦ that oil has many close substitutes.
◦ that invention does respond to economic signals and is endogenous.
◦ that invention is exogenous.
◦ that methods of production do not change in response to factor-price changes.
◦ nothing; changes in technology occur regardless of market prices.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by warrenjean01 on Oct 12, 2022

kyledifference

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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warrenjean01

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

diana chang

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Reply 3 on: Yesterday
Wow, this really help

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