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.
Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere
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China has relied on cheap coal to meet its demand for energy
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Total Fitness and Wellness, Brief Edition, 4th Edition
To find the derivative use product rule