Ceteris Paribus,if the Opportunity Cost of Purchasing a Good Rises,then

question 25

Multiple Choice

Ceteris paribus,if the opportunity cost of purchasing a good rises,then the maximum price a particular consumer is willing to pay for that good

• A)Does not change since the demand curve does not change.
• B)Decreases.
• C)Increases.
• D)Decreases as long as supply also falls.

---

Definitions:

Hemophilia

A genetic disorder characterized by the inability of the blood to clot properly, leading to excessive bleeding from minor injuries.

Intellectual Developmental Disability

A disorder characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills.

Fragile X Syndrome

A genetic disorder characterized by mild-to-moderate intellectual disability, especially more common in males, due to mutations in the FMR1 gene.

Phenylketonuria

A rare genetic disorder in which the body cannot break down the amino acid phenylalanine, potentially leading to brain damage if untreated.