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Author Question: If the elasticity of supply of a good is zero, then its A) supply curve is vertical. B) supply ... (Read 118 times)

pane00

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on: Jun 29, 2018
If the elasticity of supply of a good is zero, then its
 
  A) supply curve is vertical.
  B) supply curve is horizontal.
  C) demand curve must be vertical.
  D) supply curve is positively sloped.

Question 2

Except for perfect substitutes or perfect complements, indifference curves
 
  A) are straight lines with a positive slope.
  B) slope upward to the right.
  C) are bowed in toward the origin.
  D) are bowed out away from the origin.


bfulkerson77

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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pane00

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Reply #2 on: Jun 29, 2018
Thank you :)


bfulkerson77

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Reply #3 on: Jun 29, 2018
Happy to help you


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