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Author Question: If a consumer's total expenditure on a good does not vary with price, then that consumer's demand ... (Read 94 times)

tsand2

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on: Jun 30, 2018
If a consumer's total expenditure on a good does not vary with price, then that consumer's demand curve is unit elastic over that range of prices.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the reserve requirement for a bank is 200,000 for a deposit of 1 million, then the money multiplier is:
 a. 1.25
  b. 2.0
 c. 5
 d. 20


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Harbringer

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

True

Answer to Question 2

c


tsand2

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Reply 2 on: Jun 30, 2018
Excellent

Jsherida

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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