Are non-renewable resources becoming more or less substitutable by other productive inputs with the passage of time?
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Are non-renewable resources becoming more or less substitutable by other productive inputs with the passage of time? What are the possible implications for efficient resource use of the elasticity of substitution between non-renewable resources and other inputs becoming
(a) higher, and
(b) lower with the passage of time?
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Related Book For
Natural Resource And Environmental Economics
ISBN: 9780273655596
3rd Edition
Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James Mcgilvray
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