The tendency of suppliers to offer more of a good at a higher price:

If the demand for KFC chicken is price elastic, a fall in the price of KFC chicken will raise the total revenue

Indicate whether the statement is true or false

Opportunity cost: a. Always refers to the dollar price paid for a good

b. Always equals the best alternative value of the time spent in going to a concert or sporting event. c. Of any good is zero for any good that is given away free, if you wait in a line to get it. d. Increases when the best foregone alternative becomes more valuable.