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Author Question: Along a linear demand curve, price elasticity of demand is: a. constant. b. more elastic to the ... (Read 107 times)

APUS57

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on: Jun 30, 2018
Along a linear demand curve, price elasticity of demand is:
 a. constant.
 b. more elastic to the northwest than to the southeast.
  c. less elastic to the northwest than to the southeast.
  d. always equal to one.

Question 2

If a bank had 200 million in demand deposits and faced a 40 percent reserve requirement, it would be required to hold ____ as reserves and could have a total amount of loans issued up to ____.
 a. 120 million; 80 million
  b. 80 million; 120 million
  c. 200 million; 500 million
  d. 500 million; 200 million


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31809pancho

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


APUS57

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

jordangronback

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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