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Author Question: A steel mill raises the price of steel by 7, which results in a 20 reduction in the quantity of ... (Read 215 times)

erika

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on: Jun 30, 2018
A steel mill raises the price of steel by 7, which results in a 20 reduction in the quantity of steel demanded. The demand curve facing this firm is:
 a. elastic.
 b. inelastic.
 c. unit elastic.
 d. unit inelastic.

Question 2

The Fed's purchases and sales of government securities are called:
 a. margin operations.
 b. open market operations.
 c. small-dealer transactions.
  d. intermediary transactions.


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cpetit11

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

a

Answer to Question 2

b


erika

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

daiying98

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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