Assume the price of Nikes decreases. As a result, consumers increase the quantity of Nikes purchased each year and purchase fewer Reeboks. This is an example of the:

Refer to Figure 4-9. How much of the tax is paid by buyers?

A) $8 B) $5 C) $4 D) $3

Refer to Table 25-2. Suppose a transaction changes a bank's balance sheet as indicated in the following T-account, and the required reserve ratio is 10 percent. As a result of the transaction, the bank can make a maximum loan of

A) $0. B) $800. C) $7,200. D) $8,000.