The longer the time period considered, the price elasticity of ...

[tatyanajohnson]

The longer the time period considered, the price elasticity of demand tends to:
 a. decrease.
 b. remain constant.
  c. increase.
 d. converge to zero.

Question 2

If you deposit 20,000 in cash into a demand deposit account at a bank that faces an 18 percent required reserve ratio the result will be:
 a. the bank will add 3,600 to its excess reserves.
  b. the bank will add 16,400 to its excess reserves.
  c. the bank will add 16,400 to its total reserves.
  d. the bank will add 20,000 to its excess reserves.

[lou]

Answer to Question 1

c

Answer to Question 2

b

[tatyanajohnson]

Correct answers!

[lou]

Great! Please up vote