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2.Use a two-period model to explain why you agree or disagree with the following statements. (A) If the demand for a nonrenewable natural resource is

2.Use a two-period model to explain why you agree or

disagree with the following statements.

(A) If the demand for a nonrenewable natural resource is decreasing over time, the price of the

resource will decrease over time.

(B) If demand is increasing over time and the price of a natural resource is stable over time, this

indicates the resource is a renewable resource.

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