If the price of a depleting resource does not rise as anticipated, it may be because
A)the government prohibited the methods to extract the resource.
B)new methods of mining or refining were developed.
C)a price floor was passed by law.
D)firms that distribute the resource cartelized.

Question

Quizplus · Accepted Answer

If the price of a depleting resource does not rise as anticipated, it could be because new and more efficient methods of mining or refining the resource were developed. This would increase the supply of the resource and lower the price.

If the Price of a Depleting Resource Does Not Rise