Legal foundations of the European model are provided by common law

Refer to Table 9-6. New loans made in Stage 1($C) amount to

A) $100. B) $200. C) $600. D) $800.

The supply of product X is inelastic (but not perfectly inelastic) if the price of X rises by:

A. 5 percent and quantity supplied rises by 7 percent. B. 8 percent and quantity supplied rises by 8 percent. C. 10 percent and quantity supplied remains the same. D. 7 percent and quantity supplied rises by 5 percent.