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.

Question

Quizplus · Accepted Answer

The Answer of 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.

Ceteris Paribus, If the Opportunity Cost of Purchasing a Good