Owners of a bowling alley have determined that the price elasticity of demand for bowling by seniors is –3.0, while the price elasticity of demand for others is –1.8. how much more should others be charged than seniors? a. 50%b. 67%c. 60%d. 25%

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.