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

Author Question: Goods whose income elasticities are negative are called A) normal goods. B) superior goods. C) ... (Read 103 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Goods whose income elasticities are negative are called
 
  A) normal goods.
  B) superior goods.
  C) inferior goods.
  D) complements.

Question 2

For a Nash equilibrium to be possible, all players must ________.
 
  A) be able to predict their outcomes associated with all possible actions of the other players
  B) have a way to communicate with the other players
  C) have a strategy which allows for collusion
  D) Both A and B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TheDev123

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


AEWBW

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

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?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

coagulase negative Staphylococcus on Blood agar coagulase negative Staphylococcus on Blood agar
A) Normal bronchiole and (B) bronchiole constricted in asthma attack. A) Normal bronchiole and (B) bronchiole constricted in asthma attack.
Apply deep effleurage to the thigh from knee to superior thigh. Cover anterior, medial, and lateral ... Apply deep effleurage to the thigh from knee to superior thigh. Cover anterior, medial, and lateral ...
Normal (A) and Abnormal (B) Balance between Dopamine and Acetylcholine Normal (A) and Abnormal (B) Balance between Dopamine and Acetylcholine
The Cervical Vertebrae: Superior View of Vertebra The Cervical Vertebrae: Superior View of Vertebra
The Atlas Superior View The Atlas Superior View
Video: Neuron Structure Animation

For a complete list of videos, visit our video library