Multiple Choice
When a consumer compares the price of a good to the value of that good, he or she is really comparing:
A) the price of other substitute goods.
B) the value of the good to the costs associated with producing the good.
C) the value of the good to its opportunity cost.
D) the price of the good to the value of other substitute goods.
Correct Answer:
Verified
Correct Answer:
Verified
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