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 224 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?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
A sigmoid (cooperative) binding curve A sigmoid (cooperative) binding curve
Correlation Coefficient, r (Chart) Correlation Coefficient, r (Chart)
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library