Economics 0455 · IGCSE · The nature of the economic problem

The nature of the economic problem — practice question

A consumer has $10 available to spend. A meal is priced at $9 and a drink is priced at $5. Which term would describe the situation if the consumer does not have enough money to buy both the meal and the drink?

  • Aexcess demand
  • Bfree goods
  • Cmarket failure
  • Dthe economic problem

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