If supply increases and demand increases, the the price must drop while the number of units purchased may remain unchanged. T or F?
4 answers
What do you think the answer is? Why?
I think it is false because the number of units purchased would have to change to stay at equilibrium level without creating a shortage?? I think?
I agree that it's false. But when supply and demand increase, then the number of units must have increased.
If the reserve requirement is 7%, a N$70 deposit would create additional deposits to the value of N$10. is this statement true or false?
1 answer