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 108 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
YES! Correct, THANKS for helping me on my review

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Roots of the keystone species hypothesis: does a higher proportion of predators in diverse communiti Roots of the keystone species hypothesis: does a higher proportion of predators in diverse communiti
Utagawa Hiroshige, Hamamatsu: Winter Scene, plate 30 from The Fifty-Three Stations of the Tokaido, ... Utagawa Hiroshige, Hamamatsu: Winter Scene, plate 30 from The Fifty-Three Stations of the Tokaido, ...
Correlations on tests for a number of cognitive abilities are higher for monozygotic twin pairs (who ... Correlations on tests for a number of cognitive abilities are higher for monozygotic twin pairs (who ...
In older adults, higher education is related to higher levels of ego development. In older adults, higher education is related to higher levels of ego development.
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 ...
Consumption of animal products "استهلاك المنتجات الحيوانية" Consumption of animal products "استهلاك المنتجات الحيوانية"
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library