« previous next »

Author Question: If the demand curve for a product is horizontal, then the elasticity of demand is: a. equal to ... (Read 69 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jun 30, 2018
If the demand curve for a product is horizontal, then the elasticity of demand is:
 a. equal to zero.
 b. equal to one.
 c. greater than one, but less than infinity.
  d. equal to infinity.

Question 2

A decrease in the excess reserves banks want to hold, together with people depositing currency into their demand deposit accounts, would:
 a. increase the money supply.
 b. decrease the money supply.
 c. leave the money supply unchanged.
 d. have an indeterminate effect on the money supply.


alvinum

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

K@

  • Hero Member
  • *****
  • Posts: 608
Reply #2 on: Jun 30, 2018
Correct answers!


alvinum

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Titration Curve Titration Curve
Horizontal, sagittal, and coronal functional MRIs show areas of increased activity in the primary ... Horizontal, sagittal, and coronal functional MRIs show areas of increased activity in the primary ...
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
A sled having a certain initial speed on a horizontal surface comes to rest after traveling 10 ... A sled having a certain initial speed on a horizontal surface comes to rest after traveling 10 ...
Video: Electrocardiogram Examination

For a complete list of videos, visit our video library