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Author Question: A price elasticity of demand of 2.3 implies a. Demand is inelastic b. Demand is elastic c. Demand ... (Read 162 times)

littleanan

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on: Jul 1, 2018
A price elasticity of demand of 2.3 implies
 a. Demand is inelastic
 b. Demand is elastic
 c. Demand is unitary elastic
 d. Demand is perfectly elastic

Question 2

The Nash equilibrium for the game is
 a. For both stores to advertise
 b. For megastore to advertise and for superstore not to advertise
  c. For megastore not to advertise and for superstore to advertise
  d. For both stores to not advertise


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jasonq

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

b

Answer to Question 2

a


littleanan

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  • Posts: 575
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

okolip

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Reply 3 on: Yesterday
Wow, this really help

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