Suppose Mary is willing to pay up to $15,000 for a used Ford pick-up truck. If she buys one for $12,000, her ________ would be ________.

To face scarcity means individuals

A) choose. B) economize. C) sacrifice some plans over others. D) all of the above.

Holding your income and the price of lobster constant, you can derive your demand curve for steak from an indifference curve/budget line diagram by determining how your consumption of steak changes when the price of a steak changes

Indicate whether the statement is true or false