Which of the Following Statements Describes the Law of Increasing

Multiple Choice

Which of the following statements describes the law of increasing costs?

A) As the economy's production level of any particular item decreases,its opportunity cost rises.
B) As the economy's production level of any particular item increases,its opportunity cost rises.
C) The prices of consumer goods always rise and never fall.
D) If someone waits to make a purchase,she will pay a higher price.
E) The total cost of production rises as output goes up.