Question

If a supply-demand curve were applied to basic resources, _____.

their prices would be increasing


prices would stabilize


supplies would go up


their prices would be decreasing

Answer 1

their prices would be increasing

Step-by-step explanation:

gradpoint

Answer 2

The correct option is A.
Basic resources are those resources that are very important to a business or an individual, one just have to buy the resources whether they are cheap or expensive. The application of supply demand curve to a basic resource will result in the increase of the price of that resource, because supplier will always be willing to supply more at higher prices.