The elasticity of demand: measures how far the demand curve shifts from a change in price. tells us how responsive consumer purchases are to price changes. estimates the relationship between quantity demanded and production costs. equals the inverse of price to quantity demanded.

Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing