If a supply-demand curve were applied to basic resources, _____. their prices would be increasing prices would stabilize supplies would go up their prices would be decreasing

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asked Oct 5, 2018 47.3k views

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Doan Cuong · Answer 1 · 2018-10-09T15:26:22+0000

The correct option is A.
Basic resources are those resources that are very important to a business or an individual, one just have to buy the resources whether they are cheap or expensive. The application of supply demand curve to a basic resource will result in the increase of the price of that resource, because supplier will always be willing to supply more at higher prices.

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If a supply-demand curve were applied to basic resources, _____. their prices would be increasing prices would stabilize supplies would go up their prices would be decreasing

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