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Author Question: A price cut will decrease the total revenue a firm receives if the demand for its product is: a. ... (Read 158 times)

mcmcdaniel

  • Hero Member
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on: Jun 30, 2018
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.


ong527

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  • Posts: 285
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


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