« previous next »

Author Question: Which of the following is associated with relatively elastic demand? a. Few substitutes; large ... (Read 83 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jun 30, 2018
Which of the following is associated with relatively elastic demand?
 a. Few substitutes; large portion of income; short time span
  b. Many substitutes; large portion of income; long time span
  c. Few substitutes; small portion of income; short time span
  d. Many substitutes; small portion of income; long time span

Question 2

An increase in the excess reserves banks want to hold, together with people depositing currency into their demand deposit accounts, would:
 a. increase the money supply.
 b. decrease the money supply.
 c. leave the money supply unchanged.
 d. have an indeterminate effect on the money supply.


Chocorrol77

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

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."

GI series. (a) Upper GI series begins with a barium swallow, barium shake, or barium meal. (b) Lower GI series. (a) Upper GI series begins with a barium swallow, barium shake, or barium meal. (b) Lower
Large intestine Large intestine
Ardipithecus kadabba has large canine teeth that are only slightly smaller than those of living apes Ardipithecus kadabba has large canine teeth that are only slightly smaller than those of living apes
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
Anatomy of the Large Intestine (colon) Anatomy of the Large Intestine (colon)
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library