This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The elasticity of supply coefficient for bicycles is estimated to be equal to 1.5 . It is expected, ... (Read 132 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
The elasticity of supply coefficient for bicycles is estimated to be equal to 1.5 . It is expected, therefore, that a 4 increase in price would lead to:
 a. a 4 decrease in the quantity of bicycles supplied.
  b. a 4 increase in the quantity of bicycles supplied.
  c. a 6 decrease in the quantity of bicycles supplied.
  d. a 6 increase in the quantity of bicycles supplied.

Question 2

Credit card balances are:
 a. included in both M1 and M2.
 b. included in M1 but not M2.
 c. included in M2 but not M1.
 d. not included in either M1 or M2.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nikmaaacs

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


debasdf

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Estimated terrestrial net primary productivity across Canada. Estimated terrestrial net primary productivity across Canada.
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Expected and Unexpected Reinforcers Expected and Unexpected Reinforcers
New England children like David, Joanna, and Abigail Mason (painted by an unknown artist around 1670 New England children like David, Joanna, and Abigail Mason (painted by an unknown artist around 1670
Estimated Number of New Sexually Transmitted Infections Estimated Number of New Sexually Transmitted Infections
Bateson and Punnett’s Observed and Expected Phenotypes in F2 Sweet Peas Bateson and Punnett’s Observed and Expected Phenotypes in F2 Sweet Peas
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library