A monopolist always faces a demand curve that is:
A. perfectly inelastic.
B. perfectly elastic.
C. unit elastic.
D. the same as the entire market demand curve.
Answer: D
Economics
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_____ is the reward savers earn for deferring consumption
a. Dividend b. Wage c. Rent d. Profit e. Interest
Economics
Say the required reserve ratio is 20 percent. If you pay back a loan of $10,000 a bank had previously made to you, the act of paying back the loan: a. adds $2,000 in bank reserves
b. adds $10,000 in bank reserves. c. eliminates $2,000 in bank reserves. d. eliminates $10,000 in bank reserves.
Economics