When two goods are substitutes for each other, the cross price elasticity of demand

Commitment strategies:

A. are not necessary to reach a mutually beneficial equilibrium in repeated games. B. are always needed to reach a mutually beneficial equilibrium in single-round games. C. usually fail to work. D. are not observed in reality.

All of the following is likely to increase the supply of U.S. dollars in the forex market except?

A. If U.S. interest rates are low relative to foreign interest rates B. If investors' confidence in foreign economies increases C. If U.S. consumers prefer foreign goods to U.S. goods D. If investors’ confidence in US investments increases.