Author Question: What is a normal good? a. A good whose demand increases when income decreases b. A good whose ... (Read 133 times)

rlane42

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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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Answer to Question 1

b

Answer to Question 2

d



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