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OpenStudy (anonymous):

The term scarcity means that society has a limited amount of resources fear determines what people will purchase businesses succeed if they use high prices people cannot have everything they want

OpenStudy (anonymous):

@angel12310 @hhelpplzzzz @Data_LG2 @haleyelizabeth2017

OpenStudy (anonymous):

Oh sorry

OpenStudy (anonymous):

Wrong question

OpenStudy (anonymous):

When you make a choice, the experience from what would have been your second option is called trade-off supply demand opportunity cost

OpenStudy (anonymous):

There you go! :)

OpenStudy (anonymous):

Trade-off

OpenStudy (anonymous):

Thanks angel can you help with some more?

OpenStudy (anonymous):

@angel12310

OpenStudy (anonymous):

You can either go to a movie or go bowling. If you choose the movie, you will spend far more on the movie then you would on bowling you will have made the choice that has the most benefit your opportunity cost is the amount of money you pay for the movie your opportunity cost is the time and experience of bowling

OpenStudy (anonymous):

What do you think?

OpenStudy (anonymous):

@angel12310

OpenStudy (anonymous):

D

OpenStudy (anonymous):

Thx

OpenStudy (anonymous):

Last one :) Which of the following forces us to make choices? Scarcity Trade-offs Opportunity cost Money

OpenStudy (anonymous):

@angel12310 last one lol i keep calling you ;)

OpenStudy (anonymous):

Its ok

OpenStudy (anonymous):

A

OpenStudy (anonymous):

thx lol both of you :-)

OpenStudy (anonymous):

yw

OpenStudy (anonymous):

yw

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