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Author Question: Suppose that people find out that eating more fish improves their health, leading them to increase ... (Read 145 times)

asmith134

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on: Jun 29, 2018
Suppose that people find out that eating more fish improves their health, leading them to increase their demand for fish. As a result, the equilibrium price of fish ________ and the equilibrium quantity ________.
 
  A) rises; decreases
  B) rises; increases
  C) falls; decreases
  D) falls; increases

Question 2

In a prisoner's dilemma, the Nash equilibrium occurs where
 
  A) neither person ends up with their best outcome.
  B) both end up with their best outcome.
  C) only one ends up with his best outcome.
  D) the one who goes first ends up with his best outcome.


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wuly

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


asmith134

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Reply 2 on: Jun 29, 2018
:D TYSM

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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