Refer to the information. The multiplier in this economy is:

One reason that it might be difficult for a player to determine his best strategy is that

A) he might have limited ability to calculate the possible outcomes. B) he is irrational. C) there is no pure strategy. D) there are multiple Nash equilibria.

If demand is elastic, a rise in price will decrease total expenditure

a. True b. False Indicate whether the statement is true or false