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Author Question: A price elasticity of demand of -0.67 implies a. Demand is inelastic b. Demand is elastic c. Demand ... (Read 154 times)

berenicecastro

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on: Jul 1, 2018
A price elasticity of demand of -0.67 implies
 a. Demand is inelastic
 b. Demand is elastic
 c. Demand is unitary elastic
 d. Demand is perfectly elastic

Question 2

What is the payoff for each firm in this simultaneous game?
 a. Both firms will earn 0
 b. Firm A will earn 50 and firm B will earn -10
  c. Firm A will earn -10 and firm B will earn 50
  d. Both firms will earn 25


Pswine

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

a

Answer to Question 2

a


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