This topic contains a solution. Click here to go to the answer

Author Question: If the supply curve for a product is vertical, then the elasticity of supply is: a. equal to zero. ... (Read 62 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sarajane1989

  • Sr. Member
  • ****
  • Posts: 296
Answer to Question 1

a

Answer to Question 2

d




scienceeasy

  • Member
  • Posts: 565
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

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

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

For a complete list of videos, visit our video library