Which factor is mainly responsible for increase in demand of natural resources?
Increased human population
The demand for natural resources is constantly increasing globally. This rise in demand is driven by several factors, but one stands out as the most significant primary cause.
Let's analyze the given options to determine which factor is mainly responsible for the increase in demand for natural resources:
Based on this analysis, the most direct and significant factor leading to an increase in the demand for natural resources is the growth in the human population. More people require more resources to sustain their lives and activities, thus increasing the overall demand placed on the Earth's natural resource base.
When the price increase of a commodity is followed by increased total revenue, which one of the following is the price elasticity coefficient?
When the price of a good falls from Rs. 20 per unit to Rs. 15 per unit, its demand rises by 25 percent. Calculate the price elasticity of demand. (by percentage method)
The interest elasticity of demand for money in liquidity trap is:
What is the value of price elasticity of demand for the rectangular hyperbola demand curve ?
In which of the following cases will the price elasticity of demand be relatively less elastic?