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Opportunity cost of consuming the affected good increases

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Reference no: EM132075272

Consider the following events that change prices. For each one, say whether the opportunity cost of consuming the affected good increases or decreases.

Affected good

a) A local movie theatre offers a student discount. Movie tickets

b) A tax on soft drinks passes in your state. Soft Drinks

c) Subsidies on corn are cut in half Corn subsidies

d) Your student medical centre begins offering flu shots for free Flu shots

Reference no: EM132075272

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