[Answered] If a consumer's total expenditure on a good does not vary with price, then that consumer's demand ...

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tsand2

Hero Member
Posts: 520

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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Marked as best answer by a Subject Expert

Harbringer

Sr. Member
Posts: 329

Reply #1 on: Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

c

tsand2

Member
Posts: 520

Reply 2 on: Jun 30, 2018

Gracias!

emsimon14

Member
Posts: 344

Reply 3 on: Yesterday

Excellent

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