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

Author Question: The longer the time period considered, the price elasticity of demand tends to: a. decrease. b. ... (Read 69 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
The longer the time period considered, the price elasticity of demand tends to:
 a. decrease.
 b. remain constant.
  c. increase.
 d. converge to zero.

Question 2

If you deposit 20,000 in cash into a demand deposit account at a bank that faces an 18 percent required reserve ratio the result will be:
 a. the bank will add 3,600 to its excess reserves.
  b. the bank will add 16,400 to its excess reserves.
  c. the bank will add 16,400 to its total reserves.
  d. the bank will add 20,000 to 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

lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 30, 2018
Correct answers!


lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Since 1991, General Motors engines have been equipped with slightly (1/8 inch or 3 mm) longer spark ... Since 1991, General Motors engines have been equipped with slightly (1/8 inch or 3 mm) longer spark ...
A new drug development time line with the four phases of drug approval. A new drug development time line with the four phases of drug approval.
Embryonic Period Embryonic Period
Fetal Period Fetal Period
Embryonic Period - organogenesis Embryonic Period - organogenesis
Video: Passive Smoke Exposure

For a complete list of videos, visit our video library