A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Feb/Mar 2016 · Q21 Mark
What confirms that scarcity exists?
Aproduct has an opportunity cost.
BThe demand for a product has risen.
CThe government has set a minimum price for a product.
DThe supply of a product has fallen.
✓ Correct answer
A: product has an opportunity cost.
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