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Author Question: The price of a good always changes when A) either a shortage or a surplus occurs. B) quantity ... (Read 25 times)

Medesa

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on: Jun 29, 2018
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

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

A

Answer to Question 2

B


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