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Author Question: According to opportunity-cost theory, people will find themselves increasingly short of time when ... (Read 114 times)

laurencescou

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on: Jun 29, 2018
According to opportunity-cost theory, people will find themselves increasingly short of time when
 
  A) their demand curves become less elastic.
  B) their demand curves become more elastic.
  C) their income declines.
  D) they become wealthier.
  E) they lose valuable opportunities.

Question 2

Consider the demand curves for soft drinks shown in the figure above. Suppose the economy is at point a. An increase in the price of a soda results in a movement to a point such as
 
  A) none of the points illustrated.
  B) b.
  C) c.
  D) d.


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yahahah24021

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

D

Answer to Question 2

D


laurencescou

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Reply #2 on: Jun 29, 2018
Thank you :)


yahahah24021

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Reply #3 on: Jun 29, 2018
Happy to help you


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