The cross elasticity of demand between Coca-Cola and Pepsi-Cola ...

[jparksx]

The cross elasticity of demand between Coca-Cola and Pepsi-Cola is ________ so that Coke and Pepsi are ________.
 
  A) positive; complements
  B) positive; substitutes
  C) negative; normal goods
  D) negative; substitutes

Question 2

The table above shows the payoff matrix for a prisoners' dilemma game. The Nash equilibrium is that
 
  A) both prisoners do not confess.
  B) both prisoners confess.
  C) prisoner A confesses while prisoner B does not confess.
  D) prisoner A does not confess while prisoner B confesses.

[ky860224]

Answer to Question 1

B

Answer to Question 2

B