A price cut will decrease the total revenue a firm receives if the demand for its product is:
a. elastic.
b. inelastic.
c. unit elastic.
d. unit inelastic.
Question 2
The size of the effect of a given deposit of cash into a demand deposit account on the money supply is smaller:
a. the greater the fraction of money people want to hold as currency and the greater the fraction of deposits banks want to hold as excess reserves.
b. the greater the fraction of money people want to hold as currency and the smaller the fraction of deposits banks want to hold as excess reserves.
c. the smaller the fraction of money people want to hold as currency and the greater the fraction of deposits banks want to hold as excess reserves.
d. the smaller the fraction of money people want to hold as currency and the smaller the fraction of deposits banks want to hold as excess reserves.
A Total Eclipse of the Sun
Marginal Supply - Demand Curve
Growth in the demand for oil from the developing world
Income per Capita versus Total Fertility Rate
Total Fertility Rate in the United States, 1860–2008
Excessive video gaming decrease social and physical development in a child