Use the figure below to answer the following question. 
A movement along the supply schedule from point y to point x is associated with
A. diminishing marginal utility.
B. diminishing marginal product.
C. increasing marginal product.
D. increasing marginal utility.
Answer: B
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Suppose the desired reserve ratio is 10 percent. If Urban Bank has total deposits of $1000 and total assets of $10,000, the amount of desired reserves is
A) $9,000. B) $900. C) $100. D) $1,000. E) $1,100.
If the manager of a nonprofit enterprise sets prices below market clearing levels, she
A) increases the net revenue of the enterprise. B) provides herself with control over a valuable good. C) reduces her personal popularity. D) produces all of the above consequences.
A movement along a demand curve may be caused by a change in
A) the non-price determinants of demand. B) the change in consumer expectations. C) the change in demand. D) the change in supply.
Elasticities measure how responsive buyers and sellers are to ______.
a. overproduction b. deadweight losses c. price changes d. product quality