« 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 105 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?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Wetlands Store and Clean Water Wetlands Store and Clean Water
Sam Houston—and his horse—earned this heroic tribute. At the Battle of San Jacinto, a musket ball sh Sam Houston—and his horse—earned this heroic tribute. At the Battle of San Jacinto, a musket ball sh
Store vitamin B–rich whole-wheat flour in an airtight container in your refrigerator or freezer Store vitamin B–rich whole-wheat flour in an airtight container in your refrigerator or freezer
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
A.M.R & Brandon Mignacca - Fell Out Of Love A.M.R & Brandon Mignacca - Fell Out Of Love
Video: Prone Position

For a complete list of videos, visit our video library