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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 93 times)

tsand2

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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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Answer to Question 1

True

Answer to Question 2

c




tsand2

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


kishoreddi

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Reply 3 on: Yesterday
Gracias!

 

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