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Author Question: If the price of a good increases, ________. A) the budget constraint shifts to the right B) the ... (Read 169 times)

ARLKQ

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on: Jun 29, 2018
If the price of a good increases, ________.
 
  A) the budget constraint shifts to the right
  B) the budget constraint shifts to the left
  C) the consumer surplus increases
  D) the consumer surplus decreases

Question 2

In economics we learn that
 
  A) tradeoffs allow us to have more of everything we value.
  B) tradeoffs allow us to avoid the problem of opportunity cost.
  C) opportunity costs are all of the possible alternatives given up when we make a choice.
  D) None of the above answers is correct.


tashiedavis420

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


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