« previous next »

Author Question: Which of the following is associated with relatively elastic demand? a. Few substitutes; large ... (Read 86 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jun 30, 2018
Which of the following is associated with relatively elastic demand?
 a. Few substitutes; large portion of income; short time span
  b. Many substitutes; large portion of income; long time span
  c. Few substitutes; small portion of income; short time span
  d. Many substitutes; small portion of income; long time span

Question 2

An increase 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.


Chocorrol77

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Large numbers of plant species can flower at once in this grassland in Kinsella, Alberta. Large numbers of plant species can flower at once in this grassland in Kinsella, Alberta.
Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
(a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest (a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest
Constructing large motifs from smaller ones Constructing large motifs from smaller ones
The Sun giving out a large geomagnetic storm The Sun giving out a large geomagnetic storm
The original Supply and Demand graph The original Supply and Demand graph
Video: Adolescent Diabetes

For a complete list of videos, visit our video library