You Notice That When a New Yoga Class Is Offered

question 98

Multiple Choice

You notice that when a new yoga class is offered at the student recreation center at a highly desirable time,some students from the other yoga classes go to the new class instead.Which economic principle does this statement BEST represent?

• A)Choices are necessary because resources are scarce.
• B)The true cost of something is its opportunity cost.
• C)People usually respond to incentives,exploiting opportunities to make themselves better off.
• D)"How Much" is a decision a the margin.

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Definitions:

Supreme Court

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