Ceteris Paribus, If the Opportunity Cost of Purchasing a Good

question 12

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.

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