« previous next »

Author Question: If the demand curve for X has twice the elasticity of the demand curve for Y, then for the same ... (Read 38 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
If the demand curve for X has twice the elasticity of the demand curve for Y, then for the same percentage decrease in price, the percentage increase in the quantity of X demanded would be twice that for Y.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A bank's assets consist of 1,000,000 in total reserves, 2,100,000 in loans, and a building worth 1,200,000 . Its liabilities and capital consist of 3,000,000 in demand deposits and 1,300,000 in capital. If the required reserve ratio is 10 percent, what is the level of the bank's excess reserves? How much could it loan out as a result?
 a. 700,000; 700,000
 b. 700,000; 7,000,000
  c. 300,000; 300,000
 d. 300,000; 3,000,000


joshbk44

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug. Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
Dose-response curve with threshold Dose-response curve with threshold
The Oxyhemoglobin Dissociation Curve The Oxyhemoglobin Dissociation Curve
Video: Carbon fixing adaptations Animation

For a complete list of videos, visit our video library