If the estimated elasticity of supply coefficient equals 0.85, ...

[jjjetplane]

If the estimated elasticity of supply coefficient equals 0.85, then:
 a. the supply curve is vertical.
 b. the demand curve is horizontal.
  c. supply is unit elastic.
 d. supply is relatively inelastic.

Question 2

Other things constant, a decrease in credit card balances would ____ M1 and ____ M2.
 a. increase; increase.
 b. not change; increase.
 c. decrease; decrease.
 d. not change; not change.

[elizabethrperez]

Answer to Question 1

d

Answer to Question 2

d

[jjjetplane]

Thank you

[elizabethrperez]

No problemo