If a 10 percent price increase causes the quantity demanded for a good to decrease by 5 percent, demand is elastic

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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How does the new growth theory explain economic growth?

What will be an ideal response?

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Suppose you deposit $2,000 into Bank of America and that the required reserve ratio is 10 percent. How does this affect the bank's balance sheet?

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The market for corporate control

a. was guaranteed by the first amendment. b. makes sure that bad management keeps their jobs c. makes hostile takeovers impossible d. provides a means to replace under performing management. e. all of the above.

Economics