If demand also dropped.
If supply goes down and demand goes up, the price would rise.
If supply goes down and demand stays the same, the price would still rise.
15,900 is my because thats how much only sandra will pay.
D) Account receivable and note receivable are showing in Expense
If the legal reserve ratio falls from 25 percent to 10 percent, excess reserves of this single bank will rise by $6,000 and the monetary multiplier will increase from 4 to 10. The correct answer is D.
