Author Question: If makers of snake anti-venom implement significant price increases, it is unlikely to significantly ... (Read 102 times)

savannahhooper · **on:** Jun 30, 2018

If makers of snake anti-venom implement significant price increases, it is unlikely to significantly affect the use of anti-venom for treating poisonous snakebites. The demand for anti-venom is:
a. elastic.
b. inelastic.
c. unit elastic.
d. unit inelastic.

Question 2

When the Fed buys a U.S. government security:
a. the volume of loans issued by the banking system increases and investment will tend to increase.
b. the volume of loans issued by the banking system increases and investment will tend to decrease.
c. the volume of loans issued by the banking system decreases and investment will tend to increase.
d. the volume of loans issued by the banking system decreases and investment will tend to decrease.