« previous next »

Author Question: If the demand curve for a product is horizontal, then the elasticity of demand is: a. equal to ... (Read 67 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?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Rule of Nines. A method for determining percentage of body burned. Each different colored section re Rule of Nines. A method for determining percentage of body burned. Each different colored section re
The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ... The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ...
Bell Curve Joke Bell Curve Joke
Horizontal, frontal (coronal), and sagittal planes in the human brain and a cross section of the ... Horizontal, frontal (coronal), and sagittal planes in the human brain and a cross section of the ...
Importance of Considering Gestalt Principles in Product Design (2 of 2) Importance of Considering Gestalt Principles in Product Design (2 of 2)
Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ... Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ...
Video: Neuron structure and function - sensory neurons, association neurons & motor neurons

For a complete list of videos, visit our video library