32
QuizMultiple Choice

The Law of Demand

Question 32 • 25-26 TX-Economics CR

Which of the following illustrates an opportunity cost?

Answer
A
James has enough money to buy some socks and a book.
B
Alyssa does not have enough time to study for her test.
C
Amir only has time to study or to play basketball.
D
Lydia does not have enough money to buy a new shirt.

Explanation

An opportunity cost is what you give up when you choose one option over another. Amir can spend his limited time studying or playing basketball, so choosing one means giving up the other. That makes “Amir only has time to study or to play basketball” the example of an opportunity cost.

AI-written and checked against the verified answer.

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