Assumptions that underlie the Resource-based View include

A new loan results in an increase in the customer's checking account and the bank's demand deposits

a. true b. false

The price elasticity of supply for umbrellas is 2. Suppose you're told that following a price increase, quantity supplied increased by 30 percent. What was the percentage change in price that brought this about?

A) 15 percent B) 60 percent C) 6.7 percent D) impossible to determine without additional information