If the price elasticity coefficient equals 4.2, then demand is ...

[bucstennis@aim.com]

If the price elasticity coefficient equals 4.2, then demand is relatively inelastic with regard to price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the Gamblers Last Chance Bank of Las Vegas has zero excess reserves. If a new customer deposits 10,000, the bank can now extend new loans up to a maximum of:
 a. 2,000.
 b. 8,000.
 c. 10,000.
  d. 50,000.

[jamesnevil303]

Answer to Question 1

False

Answer to Question 2

b

[bucstennis@aim.com]

TYSM

[sarah_brady415]

Excellent