This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Gas stations can price the products that they sell in their convenience store a little bit higher ... (Read 109 times)

jace

  • Hero Member
  • *****
  • Posts: 541
on: Jul 1, 2018
Gas stations can price the products that they sell in their convenience store a little bit higher because
 a. these products are usually complements to the gas sales and the demand for gas is inelastic
  b. these products are usually complements to the gas sales and the demand for gas is elastic
  c. these products are usually substitutes to the gas sales and the demand for gas is inelastic
  d. these products are usually substitutes to the gas sales and the demand for gas is elastic

Question 2

The equilibrium of this game indicates
 a. Self-interest can sometimes lead to sub-optimal outcomes
  b. Rationality can sometimes lead to inefficient outcomes
  c. All of the above
 d. None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raenoj

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


jace

  • Member
  • Posts: 541
Reply 2 on: Jul 1, 2018
Wow, this really help

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Muskox populations remain in the Arctic all year, though they migrate to higher elevations in the wi Muskox populations remain in the Arctic all year, though they migrate to higher elevations in the wi
Examples of Generic Drugs Contained in Brand-Name Products Examples of Generic Drugs Contained in Brand-Name Products
Osmosis: Water moves from an area of low solute concentration to an area of higher solute ... Osmosis: Water moves from an area of low solute concentration to an area of higher solute ...
Gradient Flow:Upper air moving from areas of higher pressure to areas of lower pressure undergo ... Gradient Flow:Upper air moving from areas of higher pressure to areas of lower pressure undergo ...
Consumption of animal products "استهلاك المنتجات الحيوانية" Consumption of animal products "استهلاك المنتجات الحيوانية"
Higher-Order Conditioning Higher-Order Conditioning
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library