This topic contains a solution. Click here to go to the answer

Author Question: If the short run elasticity of supply for a product is 0.8, in the long run elasticity, supply: a. ... (Read 178 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
If the short run elasticity of supply for a product is 0.8, in the long run elasticity, supply:
 a. Is inelastic.
 b. Is unit elastic.
 c. Is inelastic.
 d. Any of the above could be true of the product's long run elasticity of supply.

Question 2

A bank's actual reserves can be calculated by:
 a. multiplying its demand deposits by the required reserve ratio.
  b. multiplying its excess reserves by the required reserve ratio.
  c. subtracting its required reserves from its excess reserves.
 d. adding its required reserves and its excess reserves.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carojassy25

  • Sr. Member
  • ****
  • Posts: 299
Answer to Question 1

d

Answer to Question 2

d




Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 30, 2018
:D TYSM


Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

For a complete list of videos, visit our video library