Answer to Question #212651 in Human geography for Natasha

Question

According to the economic principles governing resource use,…

1) the price consumers are willing to pay for a commodity based on a resource is unrelated to their desire to have it

2) the greater the demand for a commodity based on a resource, the lower it’s price will be

3) the costs of pollution control should be carried by end-consumers and not by producers or manufacturers

4) the relative value placed by society on different uses of resources is reflected in the prices of resource commodities

Answer 1

According to the economic principles governing resource use, the greater the demand for a commodity based on a resource, the lower it’s price will be.