Author Question: The price of a good always changes when A) either a shortage or a surplus occurs. B) quantity ... (Read 91 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
The price of a good always changes when
 
  A) either a shortage or a surplus occurs.
  B) quantity demanded and quantity supplied are constant.
  C) there is an increase in demand and an increase in supply.
  D) there is a decrease in demand and a decrease in supply.

Question 2

The value of the best alternative sacrificed to obtain something you want is referred to as
 
  A) explicit cost.
  B) opportunity cost.
  C) marginal cost.
  D) sunk cost.



missalyssa26

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

For a complete list of videos, visit our video library