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Author Question: A movie theatre raises its admission prices by 10, which results in a 10 reduction in the quantity ... (Read 35 times)

imanialler

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on: Jun 30, 2018
A movie theatre raises its admission prices by 10, which results in a 10 reduction in the quantity of tickets demanded. The demand curve facing this firm is:
 a. elastic.
 b. inelastic.
 c. unit elastic.
 d. unit inelastic.

Question 2

A combination of Fed purchases of government securities and an increase in reserve requirements would:
 a. increase the money supply.
 b. decrease the money supply.
 c. leave the money supply unchanged.
 d. have an indeterminate effect on the money supply.


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mcni194

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

c

Answer to Question 2

d


imanialler

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

Dinolord

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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