The long-run downward trend in commodity prices is consistent with the idea that: a. We are quickly

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The long-run downward trend in commodity prices is consistent with the idea that:

a. We are quickly running out of resources.

b. Resource demands have been increasing faster than resource supplies.

c. Birthrates will soon increase due to the falling cost of living.

d. Resource supplies have increased faster than resource demands.

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Microeconomics Principles, Problems and Policies

ISBN: 978-1259450242

20th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

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Question Posted: Apr 24, 2018 04:01 AM

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The long-run downward trend in commodity prices is consistent with the idea that: a. We are quickly

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Answer d Resource supplies have increased faster than resource deman...View the full answer

Microeconomics Principles, Problems and Policies

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