If salsa and nacho chips are complements, an increase in the price of nacho chips would
a. increase the price of salsa.
b. decrease the demand for salsa.
c. increase the demand for salsa.
d. have no effect on the demand for salsa.
B
Economics
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Some sellers of used cars provide warranties to buyers, with the aim of reassuring buyers that the car is of good quality. These warranties help reduce the chance of what occurring?
A. Negative externalities. B. Adverse selection. C. Spillover benefits. D. Moral hazard.
Economics
Sarita can bake either a combination of 25 cakes and 15 pies or a combination of 10 cakes and 20 pies. If she now bakes 10 cakes and 20 pies, what is the opportunity cost of baking an additional 15 cakes?
A) 5 pies B) 10 pies C) 15 pies D) 20 pies
Economics