This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following goods is most likely to have a negative income elasticity of demand? a. ... (Read 66 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


CBme

  • Member
  • Posts: 548
Reply 2 on: Jul 1, 2018
Excellent

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Negative control of a repressible set of genes: function of the trp repressor and corepressor in reg Negative control of a repressible set of genes: function of the trp repressor and corepressor in reg
Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere
negative feedback mechanism negative feedback mechanism
Gram negative flowchart Gram negative flowchart
The bacterial cell wall: (a) gram-positive bacterium; (b) gram-negative bacterium. The bacterial cell wall: (a) gram-positive bacterium; (b) gram-negative bacterium.
A Negative Afterimage A Negative Afterimage
Video: Gas exchange - partial pressure, locations, external and internal respiration

For a complete list of videos, visit our video library