Question: Using a strict market economic perspective, what will occur as natural gas (a nonrenewable energy source) becomes scarcer? A. The price will increase, demand will

Using a strict market economic perspective, what will occur as natural gas (a nonrenewable energy source) becomes scarcer?

A. The price will increase, demand will increase, and supply will be depleted.

B. The price will decrease, demand will increase, and innovation for a substitute will be unnecessary.

C. The price will increase, demand will decrease, and innovation for a substitute will occur.

D. The price will decrease, demand will decrease, and supply will be maintained.

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