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 its 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 its price will be.