Suppose a bank has $100,000 in checking account deposits with no excess reserves and the required reserve ratio is 10 percent. If the Federal Reserve raises the required reserve ratio to 12 percent, then the bank will now have excess reserves of

For the monopoly shown in the figure above, the profit maximizing price is ________ per unit

A) $10 B) $20 C) $30 D) $50

At equilibrium, quantity sold equals the quantity bought. This implies that

A) to sell more, producers require more in payment than consumers are willing to pay. B) government regulation is necessary. C) to sell less would require a lower price but would yield greater profit. D) those who don't buy have been treated unfairly.