Consider the demand curves for soft drinks shown in the figure above. A movement from point a to point c represents
A) a decrease in quantity demanded.
B) an increase in demand.
C) an increase in quantity demanded.
D) a decrease in demand.
C
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The biggest single factor affecting household income is the householder's age
Indicate whether the statement is true or false
Opportunity cost can always be measured in money terms.
Answer the following statement true (T) or false (F)
Opportunity cost includes
A. only the actual amount spent on a choice. B. the value of foregone actions but not dollar outlays. C. the value of foregone options plus the dollar outlays associated with a choice. D. the amount you are paid to select an opportunity.
The actions of borrowers and lenders are coordinated by
a. the interest rate in the loanable funds market. b. the government in the resources market. c. businesses in the resources market. d. the interest rate in the goods and services market.