Author Question: The more good substitutes there are for a product, the more likely it is that the total revenue for ... (Read 74 times)

fbq8i · **on:** Jun 30, 2018

The more good substitutes there are for a product, the more likely it is that the total revenue for the good in question would increase as a result of an increase in price.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The money ____ equals 1 divided by the reserve requirement. The larger the reserve requirement, the ____ the money multiplier.
a. supply; larger
b. multiplier; larger
c. supply; smaller
d. multiplier; smaller