If the price doubles and the quantity supplied also doubles, the price elasticity of supply for the good is
A) -1.
B) 1.
C) -2.
D) 2.
E) 100 percent.
B
Economics
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In the special case of the 100 percent-reserve banking, the money multiplier is
a. 1 and banks create money. b. 1 and banks do not create money. c. 2 and banks create money d. 2 and banks do not create money.
Economics
People demand more of product X when the price of product Y decreases. This means X and Y are:
a. Substitutes b. Complements c. Both inexpensive d. Not related
Economics
Select the term that matches this definition: A lump sum of money which can be put towards one specific good.
a. Buy One, Get One Free Deal b. Voucher c. Cash Transfer d. In-kind transfer e. Standard Gamble
Economics
Refer to the table above. What is the equilibrium quantity of notebooks?
A) 4 units B) 10 units C) 20 units D) 12 units
Economics