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

articulate the difference between a democracy and republic ​

Answers

Answer:

The major difference between a democracy and a republic is that a republic is a form of government whereas a democracy is an ideology that helps shape how a government is run. Put another way: a republic is the system of government that allows a country to be democratic!

Explanation:

Answer: The major difference between a democracy and a republic is that a republic is a form of government whereas a democracy is an ideology that helps shape how a government is run. Put another way: a republic is the system of government that allows a country to be democratic

Explanation: hope that helps

In what way is Iran's protections of the freedom of religion different than the U.S.'s first amendment protections?

Answers

Answer:

Freedom of religion in Iran is marked by Iranian culture, major religion and politics. Iran is officially and in practice an Islamic republic—the Constitution of the Islamic Republic of Iran mandates that the official religion of Iran is Shia Islam and the Twelver Ja'fari school, and also mandates that other Islamic schools are to be accorded full respect, and their followers are free to act in accordance with their own jurisprudence in performing their religious rites. The Constitution of Iran stipulates that Zoroastrians, Jews, and Christians are the only recognized religious minorities.[1] The continuous presence of the country's pre-Islamic, non-Muslim communities, such as Zoroastrians, Jews, and Christians, had accustomed the population to the participation of non-Muslims in society. However, despite official recognition of such minorities by Iran's government, the actions of the government create a "threatening atmosphere for some religious minorities".[2] In its 2020 annual statement, the US Commission on International Religious Freedom (ICRC) described Iran as a country of particular concern under international law on religious freedom and expressed concern about the state of religious freedom in Iran.[3]

Explanation:

how did the government respond to each of these events

Answers

Answer:

What specific events are you talking about?

Why did Carnegie leave the railroad?

Answers

Answer:

To get to the other "car"

Explanation:

Carnegie left the railroad because he had wanted to invest in multiple businesses. He invested in businesses like oil, iron, and coal.

I hope this helps you!

which two aniamls were most important to the plains native americans

Answers

Answer:

Buffalo and Wolves

Explanation:

Wolves....???? 0-0

Its buffalo and horse.


when did Henry VIII first wife Catherine of agragon failed to produce a son what did Henry seek to do

Answers

I believe he was seeking for a divorce

Answer:

He seeked divorce.

Explanation:

When Catherine failed to produce a male heir, Henry divorced her against the will of the Roman Catholic Church, thus precipitating the Protestant Reformation in England.Henry Vlll needed a male child, but Catherine failed to do that. So, he (naturally) wanted to divorce.

*(This is my own thought, not the answer nor explanation: Don´t you agree Henry Vlll kind of just wanted to use his wife for a male child, to continue his lineage? I find that insulting, his actions literally show that he´s a user. Please remember this comment is my thoughts, not the answer.)*

Who did France go to war with

Answers

Answer:

they went to war with the indians

Explanation:

the french and indian war

hope this helped! :)

They also went to war with Austria, I hope this helped. :)

In what ways was Benjamin Franklin a representative man of his time, a man who reflected and helped shape the values of his culture?

Answers

Benjamin Franklin Created (spoke/ speach). He also helped with other people in need!

Who was silent Dogood

Answers

Answer: Silence Dogood was the pen name used by Benjamin Franklin to get his work published in the New-England Courant, a newspaper founded and published by his brother James Franklin. This was after Benjamin Franklin was denied several times when he tried to publish letters under his own name in the Courant.

Explanation:

Which were the main challenges faced by the Nazi Party as it rose to power in Germany? Select three options.
high unemployment
drop in prices of farm goods
decrease in industrial production
introduction of forced labor gulags
government takeover of private property

Answers

Answer:

high unemployment

drop in prices of farm goods

decrease in industrial production

Explanation:

After World War I, Germans struggled to survive with an unknown fate. Germans faced poor economic conditions with hyperinflation, economic depression,   unemployment, and political instability.  Adolf Hitler and the Nazi Party offered to correct Germany’s problems. All this led Germans to lose faith in the Weimar government and move toward the Nazi party, which promise to bring back the economy and honour of the country.

Read the paragraph.
During the Irish potato famine, about one million people died of starvation or related disease. This event was
the most significant in Irish history, because it led to about two million people leaving the country in search of
a better life.
Which statement is a fact that could be used to support a body paragraph about Irish immigration?
The Irish potato famine is the most significant event in Irish history.
The Irish potato famine killed more than two million people.
Two million people emigrated as a result of the Irish potato famine.
One million people left Ireland during the Irish potato famine.

Answers

Answer:

Two million people emigrated as a result of the Irish potato famine.

Explanation:

The statement that support a body paragraph about Irish immigration is Two million people emigrated as a result of the Irish potato famine. The appropriate response is option C.

What is Irish potato famine?

The Great Famine, the Famine, or the Irish Potato Famine, was a period of mass starvation and disease in Ireland from 1845 to 1849, resulting in a historical social crisis that had a significant impact on Irish society and history.

Ireland's population fell from nearly 8.4 million in 1844 to 6.6 million by 1851 as a direct result of the famine. Around 1 million people died, and perhaps another 2 million fled the country.

Many of those who survived were malnourished. Furthermore, because the financial burden of weathering the crisis was largely placed on Irish landowners, landlords unable to support hundreds of thousands of tenant farmers and laborers were forced to evict them.

The statement that support a body paragraph about Irish immigration is Two million people emigrated as a result of the Irish potato famine. The appropriate response is option C.

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In 3 words, describe the feelings of the Sons of Liberty as they participated in the Boston Tea Party.

Answers

you can put: drunk, disguised, and revenge.

explanation: it was late at night and a small part of the sons of liberty were out drinking when they decided to dress up as native americans to dump all of the tea into the harbor. the reason I put revenge because the sons of liberty did not like great britain.

PLEASE PLEASE ANSWER!!!!!!!!!!!!
WILL GIVE BRAINLIEST, 5-STAR RATING, AND THANK YOU!!!!!
What was the “Long Parliament” and why did it have to deal with religious issues within England yet again

Answers

Answer:

The Long Parliament was an English Parliament which lasted from 1640 until 1660. It followed the fiasco of the Short Parliament, which had convened for only three weeks during the spring of 1640 after an 11-year parliamentary absence. In September 1640, King Charles I issued writs summoning a parliament to convene on 3 November 1640. He intended it to pass financial bills, a step made necessary by the costs of the Bishops' Wars in Scotland. The Long Parliament received its name from the fact that, by Act of Parliament, it stipulated it could be dissolved only with agreement of the members and, those members did not agree to its dissolution until 16 March 1660, after the English Civil War and near the close of the Interregnum.

Explanation:

Answer:

The Long Parliament was an English Parliament which lasted from 1640 until 1660. It followed the fiasco of the Short Parliament, which had convened for only three weeks during the spring of 1640 after an 11-year parliamentary absence. In September 1640, King Charles I issued writs summoning a parliament to convene on 3 November 1640.] He intended it to pass financial bills, a step made necessary by the costs of the Bishops' Wars in Scotland. The Long Parliament received its name from the fact that, by Act of Parliament, it stipulated it could be dissolved only with agreement of the members;] and, those members did not agree to its dissolution until 16 March 1660, after the English Civil War and near the close of the Interregnum.

Explanation:

if humans spent nearly 200,00 years living as foragers, why did then began farming and staying in one place?

Answers

Answer:

Because that was good land to farm on

Explanation:

What does it mean that "all men are created equal"?​

Answers

Answer:

I would say that it means that men are created to break girls hearts but thats not me im nice. and can i have brainliest? please

Explanation:

Answer:When Jefferson wrote “all men are created equal” in the preamble to the Declaration, he was not talking about individual equality. ... It now became a statement of individual equality that everyone and every member of a deprived group could claim for himself or herself.

Explanation:that is from google lol im not that smart

According to the online content article “Tuna,” tuna must swim continuously in order to __________.
A.
feed
B.
mate
C.
breathe
D.
migrate

Please select the best answer from the choices provided
A
B
C
D

Answers

Answer:

C. Breathe

Explanation:

Answer:

the answer is C.

Explanation:

jeiemejddnejjejd  was correct  btw tysm !! UwU

The National Woman Suffrage Association first called for a constitutional amendment to give women the right to vote
in the
a 1800s
b. 1900s
d. none of the above
C.1700s

Answers

The National Woman Suffrage Association first called for a constitutional amendment to give women the right to vote

in the

b 1900s

The 19th amendment legally guarantees American women the right to vote. Achieving this milestone required a lengthy and difficult struggle—victory took decades of agitation and protest. Beginning in the mid-19th century, several generations of woman suffrage supporters lectured, wrote, marched, lobbied, and practiced civil disobedience to achieve what many Americans considered a radical change of the Constitution. Few early supporters lived to see final victory in 1920.

i believe the answer is a. the 1800s

What Eastern African culture would be formed through the merging of Arabic an
and traditions?
O Mumbasa
O Kilwa
Swahili
Mogadishu

Answers

Answer:

C.) The Swahili

Explanation:

The Swahili culture is the only option with Arabic origin! :)

What were the major effects and lasting influences of classical China were

Answers

Answer:

The ancient Chinese created many inventions, many of which made their way to Europe and drastically changed the rest of the world. Some of the most important inventions of ancient China were: paper, the printing press, silk, the compass and the water clock.

Explanation:

Three branches of government were created by the framers of the
Constitution to keep ________
O a balance of power
O unequal power distribution
-

Answers

It’s a Balance of power

Why did new political parties form at the beginning of the antebellum period?

Americans were conflicted over the prospect of a civil war.
Americans wanted to change the function of the electoral college.
Americans from different backgrounds wanted to have their voices heard.
Americans were calling for greater compromise in politics.

Answers

B. I have done this.

Answer:

The CORRECT ANSWER is C

Explanation:

Stop stealing points

government and Economic situation of song dynasty

Answers

Answer:

Explanation:

Regional specialization promoted economic efficiency and increased productivity. ... Although much of the central government's treasury went to the military, taxes imposed on the rising commercial base refilled the coffers and further encouraged the monetary economy.

What is the 3rd amendment?
also if you guess my favorite super hero or villain ill give you brianliest.

Answers

Answer:

The 3rd amendment states that no soldier can enter your house unless you have given consent.

Hmmmm Joker?

How did Martin Luther king view the state of nation when he was writing the letter

Answers

Answer:

Explanation:

as amazing but disgusting at the same time

Who was most responsible for the Declaration of Independence?
General Washington
British Armed Forces
unofficial colonial groups
British govermment
Second Continental Congress

PLZ HELP ME ​

Answers

Second Continental Congress

What is the "Worldview" of the Tang dynasty? What type of people would they
culturally interact with?

Answers

Answer:

Most scholars think of Buddhism as many Buddhisms. In the so-called classical period of Buddhism in China (Tang dynasty, 618–907 CE), there were a number of schools of Buddhism that taught and promoted their own philosophies and meditation practices.

Explanation:

10 points
When one occupying nation must oversee a colony or territory nation.
O protectionism
O expansionism
O isolationism
militarism

Answers

Answer:

expansionism

Explanation:

According to the question, when a foreign country occupies another nation, makes it a protectorate and begins to oversee it as a colony or territory nation, thus process is called expansionism.

Expansionism is simply defined as a situation when a nation, entity or group encroached into another area to make it a territory or colony as part of a policy of expansion.

was split into two spheres of interest, one for the slaveholders and one for free settlers.​

Answers

Explanation:

Maine was admitted as a free state and missouri as a slave. -Rest of Louisiana territory was split into two spheres of interest-> one for slaveholders and other for free settlers. ... It also established the 36-30 line, and said that slavery would not be allowed aboe that line except for in Missouri.

If the British government had listened to Benjamin Franklin, could war have been avoided? Why or why not?

Answers

Answer:During the American Revolution, he served in the Second Continental Congress and helped draft the Declaration of Independence in 1776. He also negotiated the 1783 Treaty of Paris that ended the Revolutionary War (1775-83).

Explanation:

hope that helps

When the United States bought the French land and infrastructure in 1904, it cost a lot of money to repair. However, the project was completed significantly under budget. How might U.S. opinion of the cost of the project have changed between 1904 and the canal's completion in 1914?

Answers

Answer:

At first, U.S. citizens might have been angry that their tax dollars were paying for a project they didn't necessary support. By the end, however, many U.S. citizens were proud that their country had not only completed such a grand project but had also done it under budget. They probably felt like they had gotten a good deal.

Explanation:

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