This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the short run elasticity of supply for a product is 0.8, in the long run elasticity, supply: a. ... (Read 104 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
on: Jun 30, 2018
If the short run elasticity of supply for a product is 0.8, in the long run elasticity, supply:
 a. Is inelastic.
 b. Is unit elastic.
 c. Is inelastic.
 d. Any of the above could be true of the product's long run elasticity of supply.

Question 2

A bank's actual reserves can be calculated by:
 a. multiplying its demand deposits by the required reserve ratio.
  b. multiplying its excess reserves by the required reserve ratio.
  c. subtracting its required reserves from its excess reserves.
 d. adding its required reserves and its excess reserves.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carojassy25

  • Sr. Member
  • ****
  • Posts: 299
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 30, 2018
Excellent

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Role of PKM-zeta in Long-Lasting Long-Term Potentiation Role of PKM-zeta in Long-Lasting Long-Term Potentiation
The features found in a long bone. The features found in a long bone.
A cutaway of a typical water pump showing the long bearing assembly and the seal. The weep hole is ... A cutaway of a typical water pump showing the long bearing assembly and the seal. The weep hole is ...
Long-range forecasts Long-range forecasts
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Video: Role of complement proteins

For a complete list of videos, visit our video library