Examlex
The reserve ratio is the amount of reserves a bank holds as a percentage of total deposits.
Price Lowered
A reduction in the cost of goods or services.
Total Revenue
The total amount of money a firm receives from sales of its products or services before any expenses are subtracted.
Demand
The total quantity of a good or service that consumers are willing and able to purchase at various price levels at a given time period.
Unit Elastic
A demand or supply situation where a percentage change in price results in an equal percentage change in the quantity demanded or supplied.
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