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

Author Question: If the demand and supply curves for a commodity shift to the right and the shift in demand is ... (Read 89 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 29, 2018
If the demand and supply curves for a commodity shift to the right and the shift in demand is greater than the shift in supply, then in comparison to the initial equilibrium, the new equilibrium will be characterized by:
 
  A) a lower price and quantity.
  B) a higher price and quantity.
  C) the same price and quantity.
  D) a higher price and a lower quantity.

Question 2

The required reserve ratio is 20 percent and banks have no excess reserves. Katie deposits 300 in her bank. What are the bank's excess reserves immediately after Katie makes her deposit?
 
  A) 30
  B) 90
  C) 240
  D) 60
  E) 300


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


xclash

  • Member
  • Posts: 681
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Chloride shift reaction Chloride shift reaction
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012 Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012
Two Kinds of Forgetting Curves Two Kinds of Forgetting Curves
Blood and Nerve Supply of Bone Blood and Nerve Supply of Bone
Survivorship curves for people in the United States in the early 20th and early 21st centuries Survivorship curves for people in the United States in the early 20th and early 21st centuries
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library