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Author Question: If the demand curve for a product is horizontal, then the elasticity of demand is: a. equal to ... (Read 70 times)

K@

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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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


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K@

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Reply #2 on: Jun 30, 2018
Correct answers!


alvinum

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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