Who faces trade-offs?
A) individuals
B) households
C) governments
D) all of the above
Question 2
If Jacqueline is willing to accept 1 for a cupcake and Jameson is willing to pay 3 for a cupcake, the consumer surplus will ________ if the negotiated price is 1.50 as opposed to 2.00.
A) increase
B) decrease
C) not change
D) All of the above are possibilities.