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Author Question: What is a normal good? a. A good whose demand increases when income decreases b. A good whose ... (Read 80 times)

rlane42

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on: Jul 1, 2018
What is a normal good?
 a. A good whose demand increases when income decreases
  b. A good whose demand decreases when income decreases
  c. A good whose demand increases when price increases
  d. Both B&C

Question 2

What would be the Nash equilibrium of this game?
 a. Bargain hard, bargain hard
 b. Firm bargains hard, union accommodates
  c. Union bargains hard, firm accommodates
  d. Both B&C


Madisongo23

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


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