Solved

DrOctavio Is an Ophthalmologist Who Performs Both Cataract and Lasik

Question 152

Multiple Choice

Dr.Octavio is an Ophthalmologist who performs both cataract and Lasik surgeries.If a competitor starts offering Lasik surgery as well,causing a decrease in the price Dr.Octavio can charge for Lasik.This price decrease


A) increases the opportunity cost of performing cataract surgeries.
B) increases the demand for Lasik surgery.
C) reduces the opportunity cost of performing cataract surgeries.
D) increases the demand for cataract surgeries,if cataract and Lasik surgeries are substitutes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions