Along a linear demand curve, price elasticity of demand is: a. ...

[APUS57]

Along a linear demand curve, price elasticity of demand is:
 a. constant.
 b. more elastic to the northwest than to the southeast.
  c. less elastic to the northwest than to the southeast.
  d. always equal to one.

Question 2

If a bank had 200 million in demand deposits and faced a 40 percent reserve requirement, it would be required to hold ____ as reserves and could have a total amount of loans issued up to ____.
 a. 120 million; 80 million
  b. 80 million; 120 million
  c. 200 million; 500 million
  d. 500 million; 200 million

[31809pancho]

Answer to Question 1

b

Answer to Question 2

b

[APUS57]

Thanks for the timely response, appreciate it

[ricroger]

TYSM