Infrastructure investment appears to have little impact on economic growth and development

An increase in the price of cameras results in a decrease in the demand for film. The two products are

a. complements. b. unrelated. c. defective d. substitutes

Consider a used car market in which half the cars are good and half are bad (lemons). A rational buyer in this market should

A) save up and buy a new car. B) offer to pay a price equal to the most she would pay for a good car. C) offer to pay a price equal to the most she would pay for a lemon. D) offer to pay a price somewhere between the price she would pay for a good car and the price she would pay for a lemon.