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.

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.