Author Question: Suppose the quantity demanded is 5 units when the price is 1.00. If the price rises to 2.00, the ... (Read 113 times)

ishan · **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.