Author Question: If a consumer's total expenditure on a good does not vary with price, then that consumer's demand ... (Read 34 times)

tsand2 · **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