As nonrenewable resources are depleted, what trends will be observed regarding the prices of those resources?

Question

a) Prices will collapse immediately as society switches to other forms of energy.

b) Prices will increase until they inevitably collapse, as a new resource will have to be invested in and used.

c) Prices will increase indefinitely until only the wealthiest people and companies can afford the resource.

d) Prices will remain affordable until the switch to renewable energy is made.

Answer 1

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Answer 2

b) Prices will increase until they inevitably collapse, as a new resource will have to be invested in and used.

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