Suppose A and B are complementary goods. Other things being equal, the demand curve for A will shift to the right when the price of B goes up

The Equivalent Variation for an increase in the price of a good is

A) the reduction in a consumer's income necessary to harm the consumer by as much as the price increase. B) the increase in a consumer's income necessary to eliminate the consumer's harm from a price increase. C) the change in consumer surplus resulting from a price increase. D) the amount of money a consumer would accept to be subject to a price increase.

Seeking profits without producing anything

A) is called rent-seeking B) is illegal C) usually involves government D) all of these choices