Peanut butter and jelly are complements. A decrease in the price of one will result in
A. An increase in the quantity demanded of the other.
B. A decrease in the quantity demanded of the other.
C. An increase in the demand for the other.
D. A decrease in the demand for the other.
Answer: C
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Jessica traded her string cheese for Jamie's apple the other day at lunch. Who was made better off?
A. Both Jessica and Jamie B. Jessica C. Neither Jessica nor Jamie D. Jamie
It would be undesirable to reduce the executive's compensation if her earnings are due largely to:
A. performance. B. the employee's demand. C. the owner's demand. D. a flat fee.
What does it mean that a currency has been designated legal tender? How important is the designation?
What will be an ideal response?
Refer to the information provided in Figure 13.4 below to answer the question(s) that follow. 
Figure 13.4Refer to Figure 13.4. The profit-maximizing price for this firm is
A. $5. B. $7. C. $9. D. $11.