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Author Question: If the price elasticity coefficient equals 4.2, then demand is relatively inelastic with regard to ... (Read 124 times)

bucstennis@aim.com

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  • Posts: 532
on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


bucstennis@aim.com

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Excellent

dyrone

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Reply 3 on: Yesterday
Gracias!

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