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 118 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
:D TYSM

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Asymmetrical localization of gene products during egg development in Drosophila Asymmetrical localization of gene products during egg development in Drosophila
On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
Gradient Flow:Upper air moving from areas of higher pressure to areas of lower pressure undergo ... Gradient Flow:Upper air moving from areas of higher pressure to areas of lower pressure undergo ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Educate clients about products related to massage therapy and the clients’ health goals without ... Educate clients about products related to massage therapy and the clients’ health goals without ...
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Video: Secretin (inhibiting gastric acid secretion), Cholecystokinin (fat digestion) & Cholecystokinin

For a complete list of videos, visit our video library