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Author Question: If the cross elasticity of demand between goods A and B is negative A) the demands for A and B ... (Read 26 times)

jace

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on: Jun 29, 2018
If the cross elasticity of demand between goods A and B is negative
 
  A) the demands for A and B are both price elastic.
  B) the demands for A and B are both price inelastic.
  C) A and B are complements.
  D) A and B are substitutes.

Question 2

In a prisoners' dilemma game, which of the following strategies gives the best outcome for both prisoners?
 
  A) Both deny (collusion).
  B) Both confess (not collude).
  C) One confesses while the other denies.
  D) none of the above


mmj22343

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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