If the price of a good increases, ________. A) the budget ...

[ARLKQ]

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]

Answer to Question 1

D

Answer to Question 2

D