This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A steel mill raises the price of steel by 7, which results in a 20 reduction in the quantity of ... (Read 231 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jun 30, 2018
A steel mill raises the price of steel by 7, which results in a 20 reduction in the quantity of steel demanded. The demand curve facing this firm is:
 a. elastic.
 b. inelastic.
 c. unit elastic.
 d. unit inelastic.

Question 2

The Fed's purchases and sales of government securities are called:
 a. margin operations.
 b. open market operations.
 c. small-dealer transactions.
  d. intermediary transactions.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cpetit11

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


erika

  • Member
  • Posts: 522
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

ATP synthase, a molecular mill. ATP synthase, a molecular mill.
Rate enhancement by entropy reduction Rate enhancement by entropy reduction
Cyanosis as shown here at the patient’s fingertips results from a lack of oxygen in the tissues Cyanosis as shown here at the patient’s fingertips results from a lack of oxygen in the tissues
Reduction of the carbonyl group on a sugar Reduction of the carbonyl group on a sugar
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library