The cross-price elasticity of demand between product X and product Y is -1.2. It can be inferred that X and Y are

Suppose you found $10,000 hidden under a rock and deposited it in a demand deposit account at your bank. If the reserve requirement was 20 percent, your deposit would initially add ____ to total demand deposits and over time increase the money supply by a maximum of ____

a. $2,000; $4,000 b. $2,000; $40,000 c. $10,000; $40,000 d. $10,000; $50,000

Total surplus is always equal to the sum of consumer surplus and producer surplus

a. True b. False Indicate whether the statement is true or false