Multiple Choice
Assume that an individual spends her income on sweaters and shirts.If the price of a sweater increases,________.
A) the opportunity cost of buying sweaters increases
B) the total benefit obtained from the purchase of shirts decreases
C) the opportunity cost of buying shirts increases
D) the marginal benefit obtained from the purchase of an additional unit of sweater increases
Correct Answer:
Verified
Correct Answer:
Verified
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