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Author Question: Which of the following goods is most likely to have a negative income elasticity of demand? a. ... (Read 34 times)

CBme

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on: Jul 1, 2018
Which of the following goods is most likely to have a negative income elasticity of demand?
 a. Automobiles
 b. Bargain brand noodles
  c. Shoes
 d. Fine Jewelry

Question 2

Which one of the following is a way to get out of a repeated Prisoner's Dilemma Nash Equilibrium?
 a. Do not be forgiving
 b. Be forgiving
 c. Punish the competitors severely forever
  d. All of the above


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Shshxj

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


CBme

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

jamesnevil303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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