The bolded letters are the answers choices, with a , or . seperating them 1. if

Question

The bolded letters are the answers choices, with a , or . seperating them

1. if the current market price rises, all else equal, current extraction will.... (Click to select) increase and then decrease, decrease, increase, or remain the same.

2. If the future market price rises, all else equal, current extraction will decrease and then increase. increase. remain the same. or decrease.

3. Changes in market prices and extraction rates.... assure that resources will be extracted when their economic value is greatest. cause significant market disruptions. reduce firm profits. cause externalities.

Explanation / Answer

1. increase

2.remain the same

3. cause externalities

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