Suppose that the cross elasticity of demand for Dell computers ...

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Suppose that the cross elasticity of demand for Dell computers with respect to Hewlett Packard computers is 2.1.
 
  If Hewlett-Packard lowers its price by 5 percent, other things being equal, what will be the percentage change in the quantity of Dell computers demanded? A) 2.4 percent
  B) -10.5 percent
  C) 10.5 percent
  D) -42 percent

Question 2

The prisoners' dilemma describes a single-play game that features
 
  A) an outcome in which the participants collude.
  B) a large number of rivals cooperating with each other.
  C) a situation in which one player has better odds than the other.
  D) two players who are unable to communicate with each other.

[upturnedfurball]

Answer to Question 1

B

Answer to Question 2

D

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Thank you

[upturnedfurball]

No problemo