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Author Question: If the supply curve for a product is vertical, then the elasticity of supply is: a. equal to zero. ... (Read 107 times)

scienceeasy

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on: Jun 30, 2018
If the supply curve for a product is vertical, then the elasticity of supply is:
 a. equal to zero.
 b. equal to one.
 c. greater than one but less than infinity.
  d. equal to infinity.

Question 2

A conversion of checking account balances into savings account balances would ____ M1 and ____ M2.
 a. increase; increase.
 b. not change; increase.
  c. decrease; decrease.
 d. decrease; not change.


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sarajane1989

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


scienceeasy

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Zebsrer

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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