[related to solved problem #4] the demand for plumsplums is highest during summer and lowest during winter. yet plumplum prices are normally lower in summer than in winter. what must be happening to the supply of plumsplums, from winter to summer, for the equilibrium price to fall? click on the icon to experiment with inward and outward shifts in supply and demand. note the change in equilibrium price and quantity.

a. the supply increases, but less than the demand increases.

b. the supply for plumsplums decreases.

c. the supply does not change.

d. the supply increases more than the demand increases.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.