This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the demand and supply curves for a commodity shift to the right and the shift in demand is ... (Read 104 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 29, 2018
If the demand and supply curves for a commodity shift to the right and the shift in demand is greater than the shift in supply, then in comparison to the initial equilibrium, the new equilibrium will be characterized by:
 
  A) a lower price and quantity.
  B) a higher price and quantity.
  C) the same price and quantity.
  D) a higher price and a lower quantity.

Question 2

The required reserve ratio is 20 percent and banks have no excess reserves. Katie deposits 300 in her bank. What are the bank's excess reserves immediately after Katie makes her deposit?
 
  A) 30
  B) 90
  C) 240
  D) 60
  E) 300


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


xclash

  • Member
  • Posts: 681
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Idealized survivorship curves. Idealized survivorship curves.
Dose-Response Curves for Morphine Dose-Response Curves for Morphine
How to vertically shift a quadratic function along the y-axis How to vertically shift a quadratic function along the y-axis
How to vertically shift a sinusoidal function (y=a*sin⁡b(x−c)+d) How to vertically shift a sinusoidal function (y=a*sin⁡b(x−c)+d)
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Survivorship curves for people in the United States in the early 20th and early 21st centuries Survivorship curves for people in the United States in the early 20th and early 21st centuries
Video: Metabolic Rate, Heat and Thermoregulation - response to heat and cold stresses

For a complete list of videos, visit our video library