Answer:
b. inelastic
c. Yes - it decreased
Explanation:
Elasticitiy of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded/ percentage change in price
= -2/4 = -0.5
The absolute value is 0.5
If the absolute value of the coffiecnet of elasticity of demand is less than one, demand is inelastic.
Demand is inelastic if a change in price has no effect on quantity demanded .
We can tell that the quantity demanded fell because of the negative sign in front of the percentage change in quantity demanded.
I hope my answer helps you
<u>Option B. </u><u>vetoes the budget,</u> and the office of management and budget does not perform.
Budget management control capabilities are the abilities and knowledge you use while planning and regulating spending at a commercial enterprise. We can apply those abilities in a number of contexts, which include supervising the financial scenario of whole companies to coordinating the spending of a small quick-term undertaking.
The Minister of Finance introduces the finances in Parliament. it's miles mentioned in committees, debated within the homes, and a vote is taken. The budget range is an annual plan for what government desires to obtain and how it'll spend money to reap those desires.
A budget range is an economic file used to project destiny income and prices. to place it sincerely, a budget plans destiny saving and spending in addition to planned profits and expenses.
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Answer:
C. How much one unit of currency is worth when converted to another currency
The smaller the reserve requirement, the larger the decrease will be in required reserves.
<h3>What is the reserve requirement?</h3>
The reserve requirement is the percentage of consumer's deposits that are kept as reserves with the Central Bank. The reserve requirement is determined by the reserve ratio.
When the Fed sells treasury bonds, money supply decreases. This is known as a contractionary monetary policy.
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