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Author Question: Which of the following leads a good to have a high elasticity of supply? I. The good must be ... (Read 35 times)

jjjetplane

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on: Jun 29, 2018
Which of the following leads a good to have a high elasticity of supply? I. The good must be produced using unique resources. II. The good is produced using commonly available resources.
 
  A) I only
  B) II only
  C) I and II
  D) neither I nor II

Question 2

The relationship in the above figure indicates that
 
  A) a decrease in the interest rate leads to a decrease in household income.
  B) a decrease in household consumption leads to a decrease in interest rates.
  C) a decrease in household income will lead household consumption to increase.
  D) none of the above.


carojassy25

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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