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    Exam 3: Demand and Supply
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    Suppose the Price of a Football Is $20
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Suppose the Price of a Football Is $20

Question 101

Question 101

Multiple Choice

Suppose the price of a football is $20.00 and the price of a basketball is $10.00. The ________ of a football is ________.


A) relative price; 2 basketballs per football
B) relative price; 1/2 basketball per football
C) opportunity cost; $20.00
D) opportunity cost; $10.00

Correct Answer:

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