Question: using a strict market economic perspective what will occur as a natural gas ( a nonrenewable energy source becomes scarcer? a) the price will decrease
using a strict market economic perspective what will occur as a natural gas ( a nonrenewable energy source becomes scarcer? a) the price will decrease demand will decrease and supply will be maintained b) the price will increase demand will increase and supply will be deposed c) the price will decrease demand will decrease and innovation for a substitute will be unnecessary d) the price will increase demanwilldecrease and innovation for a substitute will occur
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
