Question 1 (a) In a paragraph or two, explain why Economics is the "Science of Choice." Please give specific examples in you answer (5 marks) (b) What type of relationship (positive or inverse) exists between the cost of production of a good and its supply? Explain...(4 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial V 10pt V V WN - V A E E E X2 X2 - AB X O