« previous next »

Author Question: A jeweler cut prices in his store by 20 and the dollar value of his sales fell by 20. This is ... (Read 66 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jun 30, 2018
A jeweler cut prices in his store by 20 and the dollar value of his sales fell by 20. This is indicative of:
 a. elastic demand.
 b. inelastic demand.
 c. perfectly elastic demand.
 d. perfectly inelastic demand.

Question 2

Which of the following changes would clearly decrease the supply of money in the banking system?
 a. an increase in the percentage of money people want to hold as currency and a decrease in the fraction of deposits banks want to hold as excess reserves
  b. an increase in the percentage of money people want to hold as currency and an increase in the fraction of deposits banks want to hold as excess reserves
  c. a decrease in the percentage of money people want to hold as currency and a decrease in the fraction of deposits banks want to hold as excess reserves
  d. a decrease in the percentage of money people want to hold as currency and an increase in the fraction of deposits banks want to hold as excess reserves


connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
La Niña events store energy La Niña events store energy
A.M.R & Brandon Mignacca - Fell Out Of Love A.M.R & Brandon Mignacca - Fell Out Of Love
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Introduction to Pre-eclampsia

For a complete list of videos, visit our video library