I believe the answer is: A. Lower deductible
In choosing insurance, the premium is the amount that you should pay to the insurance company in exhange for the coverage of their service. While the deductibles are the amount that you should pay each year before the insurance company start paying on your behalf.
b. percentage change; quantity demanded; percentage change; price
Opportunity cost is what you give up to do something
if you go to the concert, you spent $45 dollars but lose the opportunity to sell the ticket
if you sell the ticket illegally, you get $75 at the cost of not seeing the concert
the opportunity cost of attending the concert=75+45=$120
the opportunity cost is 120 dollars
Answer:
b. complement goods
Explanation:
Complement goods -
These are the type of goods , that are related to each other in a certain manner , is referred to as complement goods.
These type of good are also referred to as paired goods or associated goods .
In case of complement goods , if a person buys first good , then he might require the second good too.
These goods can even alters the prices of each other .
For example ,
people buying a CD player , need to buy the corresponding CD too , and hence ,
CD player and CD are complement goods.
Hence , from the given scenario of the question,
The correct option is b. complement goods .
A complementary good is a good whose use is related to the use of an associated or paired good. Two goods (A and B) are complementary if using more of good A requires the use of more of good B.
To start their own business, usually this supports their local economy however still depending on their success.
