Author Question: Along a linear demand curve, price elasticity of demand is: a. constant. b. more elastic to the ... (Read 63 times)

APUS57 · **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