This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Demand for a good is said to be inelastic if the quantity demanded increases slightly when the price ... (Read 171 times)

WWatsford

  • Hero Member
  • *****
  • Posts: 539
    • Biology Forums!
on: Jun 30, 2018
Demand for a good is said to be inelastic if the quantity demanded increases slightly when the price falls by a large amount.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

What is the initial impact on reserves of a 2,000 deposit if the reserve ratio is 10?
 a. 200 in excess reserves and 1,800 in required reserves
  b. 1,800 in excess reserves and 200 in required reserves
  c. 2,00 in excess reserves and zero required reserves
 d. zero excess reserves and 2,000 in required reserves


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


WWatsford

  • Hero Member
  • *****
  • Posts: 539
    • Biology Forums!
Reply #2 on: Jun 30, 2018
Correct answers!


Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Video: Pasteur's Experiment

For a complete list of videos, visit our video library