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Author Question: Suppose a 5 percent increase in price causes a 25 percent decrease in quantity demanded. Which of ... (Read 65 times)

fagboi

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on: Jun 30, 2018
Suppose a 5 percent increase in price causes a 25 percent decrease in quantity demanded. Which of the following statements is most likely true?
 a. There are many substitutes for this good.
 b. There are few substitutes for this good.
 c. The market for the good is a necessity.
 d. The price change persists over a very short period of time.

Question 2

Other things being equal, if you took money out of your demand deposit account and put it in a savings deposit account:
 a. M1 would increase and M2 would increase.
  b. M1 would increase but M2 would not change.
  c. M1 would decrease and M2 would decrease.
  d. M1 would fall but M2 would not change.
International Business ¦ Daniels, Radebaugh, Sullivan ¦ 16th Edition
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katkat_flores

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fagboi

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

covalentbond

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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