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Economics (AS & A Level) · Feb / March 2021 · Paper 12 · Question 1

9708Scarcity, choice and opportunity cost

An American family is choosing between four holiday destinations in Europe, each at the same price. The table shows the family's order of preference for these holiday destinations. | holiday destination | order of preference | |---|---| | Barcelona | 1st | | London | = 3rd | | Paris | 2nd | | Venice | = 3rd | If the family goes to Barcelona, what is the opportunity cost of this choice?

  1. ABarcelona
  2. BLondon and Venice
  3. CParis
  4. DLondon, Paris and Venice

As printed in the paper

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Correct answer: C. Paris

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