One of the earliest practitioners of an infant industry policy was

What does elasticity of demand measure?

a. how responsive consumers are to advertising b. how responsive consumers are to price changes c. how much consumers are affected by layoffs d. how much consumers are affected by inflation

Refer to Scenario 6.1. Suppose the friends are forced by government to combine their businesses and share what they make

With this revision to the scenario, if both Tasha and Gloria play their dominant strategies, Tasha's net payoff will be ________ and Gloria's net payoff will be ________. A) $15; $12 B) $15; $15 C) $30; $30 D) $12; $12