How does opportunity cost affect people's wants and needs?
(1 point)
Responses
It changes the supply and demand of goods.
It changes the supply and demand of goods.
It requires them to make a choice.
It requires them to make a choice.
It requires them to be producers and consumers.
It requires them to be producers and consumers.
Opportunity cost does not impact wants and needs.
3 answers
It requires them to make a choice.
When supply decreases and demand increases, what happens to the price of a good?
(1 point)
Responses
it increases
it increases
it stays the same
it stays the same
it decreases
it decreases
it is unaffected
(1 point)
Responses
it increases
it increases
it stays the same
it stays the same
it decreases
it decreases
it is unaffected
no pick one of the choises