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
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.
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