If a nonrenewable resource such as oil suddenly became scarce while demand remained
constant
A. the equilibrium price would decrease.
B. demand would increase.
C.the equilibrium price would increase.
D. demand would decrease.

Answers

Answer 1
If a nonrenewable resource such as oil suddenly became scarce while demand remained constant
A) The equilibrium price would increase
Answer 2

If a nonrenewable resource such as oil suddenly became scarce while demand remained constant the equilibrium price would increase. Thus the correct option is C.

What is demand?

When the willingness of an individual to buy any product is increased it gives rise to the demand. This willingness will shift with a change in the price or quality.

Consumption is expected to grow, leaving all other factors unchanged, which will result in a rise in supply and a rise in the equilibrium price. The quantity supplied will exceed the quantity needed if the market price is above equilibrium.

Low purchasing power causes demand for low-quality goods to decrease when an individual's income decreases and high purchasing power causes demand to decrease when an individual's income rises.

Therefore, option C is appropriate.

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Related Questions

PLEASE HELP!!!

Which statement best completes the diagram?

Answers

Answer:

C

Explanation:

to limit the power of the goverment needs to be spread out so thats why there are three branches of goverment. thats why its C

How Can you use this document to argue that Alexander was great?

Answers

Answer:

Just cite the work and source it.

Explanation:

Which colony was first settled by Dutch settlers?

Question 10 options:

1. Maryland


2. Pennsylvania


3. New York


4. Virginia

Answers

Answer:

New York, they were established by the Dutch West India Company

The first Dutch settlement in North America was New Netherland. Parts of the present-day states of New York, New Jersey, Pennsylvania, Maryland, Connecticut, and Delaware were included in it. Hence option 3 is correct .

What was the Dutch Colony ?

Which stretched from Albany, New York, in the north, to Delaware, in the south.

The Dutch made their way to India with the establishment of the Dutch East India Company in 1602. In Andhra Pradesh's Masulipatam (now Machilipatnam), they made their first landing. From 1605 to 1825, they were on the Indian subcontinent.

The first Dutch settlement in North America, known as New Netherland, was founded in 1614 and included portions of what are now New York, New Jersey, Pennsylvania, Maryland, Connecticut, and Delaware.

Protestant Frenchmen joined the Dutch, although disputes with the British colony resulted inits termination before 1650. Before 1640, the Dutch settled on Tortola (Ter Tholen), and afterwards on Anegada, Saint Thomas (Sint-Thomas), and  Gorda.

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As the Civil War dragged on why was the north in better shape to win than the south

Answers

Answer:

They may have had a better advantage in physical features, or they had better weapons.

name ways monks and monasteries are different. :-D

Answers

The term monastery is used generically to refer to any of a number of types of religious community. In the Roman Catholic religion and to some extent in certain branches of Buddhism, there is a somewhat more specific definition of the term and many related terms. Worship in Mahayana tradition takes the form of devotion of Buddha and to Bodhisattvas. Worshippers may sit on the floor barefoot facing an image of Buddha and chanting. They will listen to monks chanting from religious texts, perhaps accompanied by instruments, and take part in prayers.

I hope this helps you out

Which
group of organisms in an
ecosystem would be larger-
grasses or wolves? Explain
your answer.


Please help me.

Answers

It would depend on seasons, if it were winter or fall it would be wolves. But if it were summer or spring it would be grass.

Describe two environmental impacts of urbanization in Latin America,

Answers

Answer: Two environmental impacts of urbanization in Latin America are increased air pollution and poor sanitation systems.

Explanation:

Answer:

Describe two environmental impacts of urbanization in Latin America,

Explanation:

Two environmental impacts of urbanization in Latin America are increased air pollution and poor sanitation systems.

What is Smith’s argument against restrictions on the free market? Do you agree with it? Why or why not?

Answers

Answer: Smith argued that by giving everyone freedom to produce and exchange goods as they pleased (free trade) and opening the markets up to domestic and foreign competition, people's natural self-interest would promote greater prosperity than with stringent government regulations.

A: Personally yes i do agree with him, the reason being is that with the trade restrictions your no allowed to trade what you want there taking freedom from you and that could ruin profit and progress on your business which will lead to failure in the long run.

Explanation: Also did Reinhart assign anything other than this lame homework?

Native Americans, after being forced from their land in Mississippi, settled where?

A. Philadelphia

B. Oklahoma

C. Western territories

D. Mississippi

Answers

Answer:

i think the answer to this question is b

Write a sentence that shows haw these are related: duty,smuggling​

Answers

Explanation:

The colonists avoid paying a duty on certain imports goods by SMUGGLING them into the colonies.

What helped Lincoln decide to address the issue of slavery in the south ?

Answers

Answer:

On January 1, 1863, President Abraham Lincoln issued the Emancipation Proclamation. With it, he freed all slaves in Confederate or contested areas of the South. However, the Proclamation did not include slaves in non-Confederate border states and in parts of the Confederacy under Union control.

Explanation:

Answer:

C

Explanation:

He wanted to show the world that this war was about slavery and since the world had pretty much decided slavery was wrong already this would mean that no one could help the south. This was important because England relied on the South for much of its cotton and the Union was worried that this means that England would support them. If the Union had to fight against England as well they would surely lose.

Use the map of the United States to identify a state that is landlocked and a state
that is a peninsula

Answers

Answer:

New Jersey is a peninsula, and it's the only state in the US.

How do immigrants contribute to the rise of industrialism in the United States

Answers

Answer:

They jobs working on railroads, factories, potato picking, or any other jobs which helped The united states

Explanation:

HOPE THIS HELP

CAN I GET A BRAINLIST?


Give one example of how geography affects a civilization.

Answers

Answer:

The earliest civilizations resided within river valleys, and used the area around them to create opportunities to benefit their growth. Mountains, rivers, and plateaus provided natural defenses, at the cost of movement and trade

Explanation:

How did the geography of Greece affect the development of its civilization?

The geography of the region helped to shape the government and culture of the Ancient Greeks. Geographical formations including mountains, seas, and islands formed natural barriers between the Greek city-states and forced the Greeks to settle along the coast.

how was the boston massacre viewed by the colonists

Answers

The Boston Massacre had a major impact on relations between Britain and the American colonists. It further incensed colonists already weary of British rule and unfair taxation and roused them to fight for independence. Yet perhaps Preston said it best when he wrote about the conflict and said, “None of them was a hero.

Answer:

The Boston Massacre had a major impact on relations between Britain and the American colonists. It further incensed colonists already weary of British rule and unfair taxation and roused them to fight for independence. Yet perhaps Preston said it best when he wrote about the conflict and said, “None of them was a hero.

Explanation:

Why was it difficult to rebuild the Southern states after the war?

Answers

Explanation: It was difficult to rebuild the Southern states after the Civil War because of their opposite thinking. The South thought that slavery should have stayed, but the North obviously did not agree with that. They thought that slavery should be illegal, but the South did not agree even after the war. This is why it was difficult to re-build the Southern states after the Civil War.

Hope this helps!

southern states had trouble rebuilding because they were so used to relying on slaves for everything that they had to figure out how to do things for themselves

Can someone please help me

The work of which African American reformer most directly relates to the events described in the headline?
A. Marcus Garvey’s appeals for the Back-to-Africa movement

B. Booker T. Washington speeches on the new south

C. Ida b. Wells reports on lynchings and violence

D. W.e.b. Du bois demands for equality in the souls of black folks

Answers

Answer: the correct answer is C!!!!!

Explanation:

What is the Silk Road?

Answers

Answer:

a trading route that the Chinese used to trade with other countries.

What year did construction begin on the Panama Canal

Answers

DescriptionThe Panama Canal is an artificial 82 km waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean the was on 1881

Answer:

1881

Explanation:

The French began to build the Panama Canal in 1881 and handed it over to the United States in 1904.

What natural resource is
necessary for the lucrative cultivation of rice?

Answers

Answer:

Rice crop needs a hot and humid climate. It is best suited to regions which have high humidity, prolonged sunshine and an assured supply of water. The average temperature required throughout the life period of the crop ranges from 21 to 37º C.  Also you need soil perferably rich soil. Hope I was helpful

Explanation:

what did the native Americans come from?​

Answers

Answer:

Around the Central America region.

Explanation:

Answer:

Um like tbh I dunno but here

The ancestors of living Native Americans arrived in what is now the United States at least 15,000 years ago, possibly much earlier, from Asia via Beringia. A vast variety of peoples, societies, and cultures subsequently developed.

and

Prevailing theories suggest that Native Americans are descended from a group of East Asians who crossed the Bering Sea via a land bridge perhaps 16,500 years ago, though some sites may evidence an earlier arrival.

i. What were the two important elements of this treaty?

Answers

may i ask which treaty exactly?

Answer:

what treaty is it? I can't answer if I don't know which it is

A_______sells shares of its business and is run by aboard of directors

Answers

Shareholder is the answer

who discovered that planets move in elliptical orbits

Answers

Johannes Kepler discovered that planets move in elliptical orbits

I NEEDD HELPPP ASAPPPP!!!

Answers

Answer:

I'd say separation of powers?

Explanation:

Who wrote the U.S. Constitution?

Answers

Answer:

Thomas Jefferson

Explanation:

Answer:

James Madison

Explanation:

brainliest pls

According to Montesquieu, when is “political liberty” found in government?

Answers

Answer:According to Montesquieu polital liberty is a tranquillity of mind arising from the opinion each person has of his safety.If a different person or bodies exercise these powers then each can check the others if they try to abuse their powers.

waht is the worst state in the united state of america

Answers

Answer: Navade is supposedly evil, Mississippi is the unhealthiest, Baltimore have alot of crime, its so many flaws in the US, if you ask me i'd say the country is bad, its not even the country itself, its the people running the country, and thats coming from someone who lives in the US. I've moved state to state numerous times and it doesn't get any better.

Who was the Priest that rang the bells at Dolores to Declare Independence from Spain?

Answers

Answer: Miguel Hidalgo y Costilla

Explanation:

Which ruler divided Rome in order to bring stability to the empire?

A.Constantinople
B.Maximian
C.Diocletian
D.Attila the Hun

Answers

Constantinople did it

Answer:

the answer is c

Explanation:

hope this helps love:))

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