Which of the following best explains the falling relative prices of most of the natural resources?
A)Most are renewable; therefore, the supply of natural resources is increasing.
B)Our ability to conserve natural resources is increasing faster than their depletion.
C)The demand for natural resources is diminishing due to the discovery of new substitutes.
D)Prices of natural resources, adjusted for inflation, are in fact increasing.

Question

Quizplus · Accepted Answer

Technological advancements and improved efficiency in resource use have led to better conservation practices, which have outpaced the rate of resource depletion, leading to falling relative prices.

Which of the Following Best Explains the Falling Relative Prices