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Home Q & A Board Other Fields Homework Help Business Economics
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AndrewKraus AndrewKraus
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7 years ago
Assume that an individual spends his income on sweaters and shirts. If the price of a sweater increases:
A) the opportunity cost of buying sweaters increases.
B) the opportunity cost of buying sweaters decreases.
C) the opportunity cost of buying shirts increases.
D) There is no change in the opportunity cost of consuming either good.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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AndrewKraus Author
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#2
7 years ago
Needed this for my economics assignment, thanks
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