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

Author Question: If the estimated elasticity of supply coefficient equals 0.85, then: a. the supply curve is ... (Read 178 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

elizabethrperez

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


jjjetplane

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 30, 2018
Thank you


elizabethrperez

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
J or U dose-response curve J or U dose-response curve
Bacteria growth curve Bacteria growth curve
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Video: Stroke volume

For a complete list of videos, visit our video library