« previous next »

Author Question: Which of the following is associated with a less elastic demand curve? a. availability of many ... (Read 42 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 30, 2018
Which of the following is associated with a less elastic demand curve?
 a. availability of many close substitutes
 b. a greater amount of time for consumers to respond to a price change
  c. a smaller percentage of income spent on the good in question
 d. all of the above

Question 2

A bank receives a demand deposit of 3,000 . The bank loans out 1,800 of this deposit and increases its excess reserves by 300 . What is the required reserve ratio?
 a. 10
  b. 30
  c. 40
  d. 60


Gabe

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
Bell Curve Joke Bell Curve Joke
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
Plasma protein binding and drug availability. (a) Drug exists in a free state or bound to plasma ... Plasma protein binding and drug availability. (a) Drug exists in a free state or bound to plasma ...
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library