« previous next »

Author Question: For a given, permanent reduction in demand for a product: a. the decrease in price will be greater ... (Read 61 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
For a given, permanent reduction in demand for a product:
 a. the decrease in price will be greater the more elastic is supply.
 b. the decrease in price will be greater in the long run than in the short run.
  c. the decrease in price will be greater the more inelastic is supply.
 d. none of the above

Question 2

A contractionary policy can be thought of as:
 a. a decrease in the money supply
  b. an increase in the money supply
  c. an increase in the interest rate.
 d. either (a) or (c).


peter

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

From left to right: Size development, biometrical changes in the cranium, reduction of toes ... From left to right: Size development, biometrical changes in the cranium, reduction of toes ...
Rhytidoplasty. This is a common form of plastic surgery in which the skin is pulled and sutured to d Rhytidoplasty. This is a common form of plastic surgery in which the skin is pulled and sutured to d
The lack of permanent disruption of language-related abilities after surgical excision of the ... The lack of permanent disruption of language-related abilities after surgical excision of the ...
standard reduction potential (Eo), the greater the tendency of the oxidized form of a redox couple standard reduction potential (Eo), the greater the tendency of the oxidized form of a redox couple
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Decrease in mean haplotype heterozygosity Decrease in mean haplotype heterozygosity
Video: Chemical Synapse Animation

For a complete list of videos, visit our video library