« previous next »

Author Question: Since demand is more inelastic for products that represent a smaller share of your income, which one ... (Read 35 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: Jul 1, 2018
Since demand is more inelastic for products that represent a smaller share of your income, which one of the following is true?
 a. the demand for shoe laces is more elastic than the demand for shoes
  b. The demand for oil changes is more inelastic than the demand for cars
 c. the demand for ear buds is more elastic than the demand for ipods
  d. the demand for Salt has a more elastic than the demand than meat

Question 2

In a two-person repeated game, a tit-for-tat strategy is
 a. When each player pursues his or her own self-interest without any cooperation
 b. When players start off as non-cooperative and then cooperate when one or both players show interest in colluding
  c. When players start off by cooperating and then mimic the other player's last move
 d. With neither players defecting


amandanbreshears

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

The fossil record of chimpanzees is sparse. The femur from Kikongo, Uganda (c) may represent a late The fossil record of chimpanzees is sparse. The femur from Kikongo, Uganda (c) may represent a late
Women who are 65 and older have a lower median income from all sources than men in the same age ... Women who are 65 and older have a lower median income from all sources than men in the same age ...
Indications for Blood Products Indications for Blood Products
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Income per Capita versus Income of the Bottom Quintile Income per Capita versus Income of the Bottom Quintile
Changing Dimensions of the Pregnant Uterus. Numbers Represent Weeks of Gestation Changing Dimensions of the Pregnant Uterus. Numbers Represent Weeks of Gestation
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library