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katen-ka-za [31]
4 years ago
14

Imagine you are the owner of a natural gas company. You can either extract as much of the resource as fast as possible or delay

extraction until a future time. Projections indicate that the price of natural gas is expected to fall in the future. What would you do in the present? Choose one: A. Sell as little natural gas as possible in the present and delay extraction until the future—reflected by a leftward shift of the current supply curve in the future. B. Sell as much natural gas as possible now and less in the future—reflected by a movement down the current supply curve. C. Sell as much natural gas as possible now and less in the future—reflected by a movement up the current supply curve. D. Sell as much natural gas as possible no
Business
1 answer:
Arte-miy333 [17]4 years ago
7 0

Answer:

A

Explanation:

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.d. The equilibrium quantity would increase, and the effect on equilibrium price would be ambiguous.

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The combined effect would be a rise in equilibrium quantity and an indeterminate effect on equilibrium price.

I hope my answer helps you

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