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Author Question: If the price elasticity coefficient equals 4.2, then demand is relatively inelastic with regard to ... (Read 81 times)

bucstennis@aim.com

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If the price elasticity coefficient equals 4.2, then demand is relatively inelastic with regard to price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the Gamblers Last Chance Bank of Las Vegas has zero excess reserves. If a new customer deposits 10,000, the bank can now extend new loans up to a maximum of:
 a. 2,000.
 b. 8,000.
 c. 10,000.
  d. 50,000.



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jamesnevil303

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Answer to Question 1

False

Answer to Question 2

b




bucstennis@aim.com

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  • Posts: 532
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


miss_1456@hotmail.com

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Reply 3 on: Yesterday
Excellent

 

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