If the demand curve for X has twice the elasticity of the demand curve for Y, then for the same percentage decrease in price, the percentage increase in the quantity of X demanded would be twice that for Y.
a. True
b. False
Indicate whether the statement is true or false
Question 2
A bank's assets consist of 1,000,000 in total reserves, 2,100,000 in loans, and a building worth 1,200,000 . Its liabilities and capital consist of 3,000,000 in demand deposits and 1,300,000 in capital. If the required reserve ratio is 10 percent, what is the level of the bank's excess reserves? How much could it loan out as a result?
a. 700,000; 700,000
b. 700,000; 7,000,000
c. 300,000; 300,000
d. 300,000; 3,000,000
Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
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China has relied on cheap coal to meet its demand for energy
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
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