16 Mar What do economists mean by ‘opportunity cost?’ ?What are your opportunity costs in taking this course? 2.Demand v. Quantity Demanded What is the difference between
What do economists mean by "opportunity cost?" What are your opportunity costs in taking this course?
2.Demand v. Quantity Demanded
What is the difference between a decline in the quantity demanded and a decline in demand? Give an example of something that you now buy less of. Is it an example of a decline in the quantity you demand or a decline in your demand?
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