A jeweler cut prices in his store by 20 and the dollar value of his sales fell by 20. This is indicative of:
a. elastic demand.
b. inelastic demand.
c. perfectly elastic demand.
d. perfectly inelastic demand.
Question 2
Which of the following changes would clearly decrease the supply of money in the banking system?
a. an increase in the percentage of money people want to hold as currency and a decrease in the fraction of deposits banks want to hold as excess reserves
b. an increase in the percentage of money people want to hold as currency and an increase in the fraction of deposits banks want to hold as excess reserves
c. a decrease in the percentage of money people want to hold as currency and a decrease in the fraction of deposits banks want to hold as excess reserves
d. a decrease in the percentage of money people want to hold as currency and an increase in the fraction of deposits banks want to hold as excess reserves
Prices for Cotton and for Slaves, 1802–1860
This training vehicle fell from the hoist because the pads were not set correctly. No one was hurt, ...
La Niña events store energy
A.M.R & Brandon Mignacca - Fell Out Of Love
Elvin Bishop - Fooled Around and Fell in Love