Given that the own-price elasticity of demand for a brand of ...

[neverstopbelieb]

Given that the own-price elasticity of demand for a brand of shoes is -2, the demand for this brand of shoes is
 a. unitary elastic
  b. indeterminate.
  c. elastic.
 d. inelastic.

Question 2

Which one of the following is a way to get out of a repeated Prisoner's Dilemma Nash Equilibrium?
 a. Make sure that your competitor clearly understands your actions and intentions
  b. Make sure that your competitor keeps guessing about your actions and intentions
  c. Make sure you keep your actions and intentions ambiguous
 d. All of the above

[djpooyouma]

Answer to Question 1

c

Answer to Question 2

a

[neverstopbelieb]

Thanks for the timely response, appreciate it

[daiying98]

Excellent