This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Gas stations can price the products that they sell in their convenience store a little bit higher ... (Read 84 times)

jace

  • Hero Member
  • *****
  • Posts: 541
on: Jul 1, 2018
Gas stations can price the products that they sell in their convenience store a little bit higher because
 a. these products are usually complements to the gas sales and the demand for gas is inelastic
  b. these products are usually complements to the gas sales and the demand for gas is elastic
  c. these products are usually substitutes to the gas sales and the demand for gas is inelastic
  d. these products are usually substitutes to the gas sales and the demand for gas is elastic

Question 2

The equilibrium of this game indicates
 a. Self-interest can sometimes lead to sub-optimal outcomes
  b. Rationality can sometimes lead to inefficient outcomes
  c. All of the above
 d. None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raenoj

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


jace

  • Member
  • Posts: 541
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Products of the Root's Primary Meristems Products of the Root's Primary Meristems
Monozygotic twins’ scores for five personality factors show higher correlations than scores for ... Monozygotic twins’ scores for five personality factors show higher correlations than scores for ...
Liquid Formulations of Herbal Products Liquid Formulations of Herbal Products
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
Higher-Level Thinking Skills Used in Massage Therapy Higher-Level Thinking Skills Used in Massage Therapy
Higher-Order Conditioning Higher-Order Conditioning
Video: Role of complement proteins

For a complete list of videos, visit our video library