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 108 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
Great answer, keep it coming :)

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ... Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ...
Shift to one side. Let the recipient’s arm hang down. Knead upper and lower arm muscles from ... Shift to one side. Let the recipient’s arm hang down. Knead upper and lower arm muscles from ...
How to horizontally shift a quadratic function along the x-axis How to horizontally shift a quadratic function along the x-axis
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
Two Kinds of Forgetting Curves Two Kinds of Forgetting Curves
Managing Supply Chain and Operations: An Integrative Approach, 2nd Edition Managing Supply Chain and Operations: An Integrative Approach, 2nd Edition
Video: Simple and Double Sugar

For a complete list of videos, visit our video library