Answer:
The correct answer is letter "B": how responsive quantity supplied is to a change in price.
Explanation:
Price elasticity of supply describes the relationship between changes in quantity supplied and prices. <em>It is calculated by dividing the percentage change in quantity supplied by the percentage change in price</em>. If the result is equal to or greater than 1, the supply is elastic. This means in front of relatively small changes in price, major changes in quantity supplied will occur.
If the result is a figure lower than 1, the supply is inelastic which mear changes in prices will not affect the quantity supplied.
Answer:
Actual reserve ratio = Money that bank holds per deposit
= 10 / 100
= 10%
Desired reserve ratio = Money banks wants to hold per deposit
= 9 / 100
= 9%
Excess reserves = Actual reserves - desired reserves
= 12,000 - 7,000
= $5,000
Answer:
$14,900
Explanation:
not-for-profit organization will report the investments at the fair value of the investments end of year, in the year-end statement of financial position.
Here,
Investment Fair value (end of year)
Stock A (100 shares) $51
Stock B (200 shares) $49
Stock A = (100 * 51) = $5,100
Stock B = (200 * 49) = $9,800
Total Investment fair value at end of year = $14,900
$14,900 will be the amount reported in stock investments in the year-end statement of financial position.
