This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Demand for a good is said to be inelastic if the quantity demanded increases slightly when the price ... (Read 168 times)

WWatsford

  • Hero Member
  • *****
  • Posts: 539
    • Biology Forums!
on: Jun 30, 2018
Demand for a good is said to be inelastic if the quantity demanded increases slightly when the price falls by a large amount.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

What is the initial impact on reserves of a 2,000 deposit if the reserve ratio is 10?
 a. 200 in excess reserves and 1,800 in required reserves
  b. 1,800 in excess reserves and 200 in required reserves
  c. 2,00 in excess reserves and zero required reserves
 d. zero excess reserves and 2,000 in required reserves


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


WWatsford

  • Hero Member
  • *****
  • Posts: 539
    • Biology Forums!
Reply #2 on: Jun 30, 2018
Correct answers!


Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Atmospheric pressure decreases as altitude increases. Atmospheric pressure decreases as altitude increases.
The medical assisting profession offers many settings in which to pursue your career. Good communica The medical assisting profession offers many settings in which to pursue your career. Good communica
When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan). Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan).
Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ... Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ...
Good alignment for sitting posture. Good alignment for sitting posture.
Video: New DNA Strand Replication

For a complete list of videos, visit our video library