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Author Question: Suppose the quantity demanded is 5 units when the price is 1.00. If the price rises to 2.00, the ... (Read 88 times)

ishan

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on: Jun 29, 2018
Suppose the quantity demanded is 5 units when the price is 1.00. If the price rises to 2.00, the quantity demanded falls to 3 units. The price elasticity of demand is
 
  A) 0.5.
  B) 0.75.
  C) 1.33.
  D) 2.00.

Question 2

Of the following, the riskiest assets held by commercial banks are
 
  A) reserves.
  B) U.S. government bonds.
  C) U.S. government Treasury bills.
  D) loans.


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tandmlomax84

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


ishan

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Mochi

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

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