The wages of workers in the tire making industry rise. At the same time, the price of gasoline climbs. Gasoline and tires are complementary goods. The resulting shifts in the supply and demand for tires imply that the equilibrium quantity of tires Select one: O a will fall while the price rises O b. will fall while the price falls O c could rice or fall O d. will fall while the price would fall rise or stay the sameWhich of the following would be the least likely result of a binding price ofiling imposed on the market for rental cars? Select one: Q a. poor engine maintenance in rental cary O b. slow replacement of old rental cars with newer ones O e an accumulation of dirt in the interior of rental car O d free gasoline given to people as an incentive to a rent a carAs more of a good, such as television sets, is produced, the opportunity costs of producing it increases. This most likely occurs because (0 a. resources are not equally well suited to producing all goods and as more of a good is produced it is necessary to use resources less well suited to the production of that good. O b. as more of a good is produced the quality of that good declines and therefore the costs of production increase. O c as more of a good is produced the inputs used to produce that good will increase in price. 43) d. consumers would be willing to pay higher prices for the good as more of the good is produced.Which of the following would shift an economy's production possibilities curve to the left? Select one: Q a. the country discovers a new energy source O b. dramatic increases in economic growth O e a major increase in the number of people in the Labour force O d an increase in the retirement age 0 e the country coperiences a major natural disaster affecting its capital goodsAccording to a recent study of Chilean bus drivers, drivers who are paid by the number of passengers they transport have higher productivity than drivers who are paid by the hour. This result is an example of which principle of economics? Select one: O a. People respond to incentives. O b. Rational people think at the margin, O c The cost of something is what you give up to get it. Q d The law of diminishing returns O e. People face tradeoils