The more substitutes for a good, the more elastic its demand

The table below shows data (in millions) for Sun Trust Banks in September 2007 and September 2008

2007 2008 Loans $83 $78 Reserves $4 $5 Deposits $114 $95 The data show that Sun Trust A) increased its reserve ratio to 5.3 percent over the 12 months. B) increased its reserve ratio to 6.4 percent over the 12 months. C) has fewer excess reserves in 2008. D) faced a higher currency drain ratio in 2008.

It will not benefit a seller to provide verifiable information to buyers about the seller's product

Indicate whether the statement is true or false