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Author Question: A decrease in price will cause a firm's total revenue to decrease if demand is price inelastic. a. ... (Read 122 times)

justinmsk

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on: Jun 30, 2018
A decrease in price will cause a firm's total revenue to decrease if demand is price inelastic.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A reserve requirement of 50 percent means a money multiplier of:
 a. 0.50.
  b. 2.
 c. 5.
 d. 50.


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bhavsar

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

True

Answer to Question 2

b


justinmsk

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

sultansheikh

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Reply 3 on: Yesterday
:D TYSM

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