Which of the following could be called a virtue of raising prices of depletable resources? (i) It would discourage consumption and waste.(ii) It would stimulate more efficient use of resources.(iii) It would encourage innovation and discovery of alternatives.
A)i, ii, and iii
B)Only i
C)Only ii
D)Only iii

Question

Quizplus · Accepted Answer

All three options are virtues of raising prices of depletable resources. By making resources more expensive, consumers will be discouraged from wasteful consumption, which promotes sustainability. Additionally, it will prompt innovators to discover alternatives to these resources, and encourage consumers to use resources more efficiently.

Which of the Following Could Be Called a Virtue of Raising