Author Question: Goods whose income elasticities are negative are called A) normal goods. B) superior goods. C) ... (Read 65 times)

AEWBW · **on:** Jun 29, 2018

Goods whose income elasticities are negative are called

A) normal goods.
B) superior goods.
C) inferior goods.
D) complements.

Question 2

For a Nash equilibrium to be possible, all players must ________.

A) be able to predict their outcomes associated with all possible actions of the other players
B) have a way to communicate with the other players
C) have a strategy which allows for collusion
D) Both A and B