[Answered] If the estimated elasticity of supply coefficient equals 0.85, then: a. the supply curve is ...

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

Author Question: If the estimated elasticity of supply coefficient equals 0.85, then: a. the supply curve is ... (Read 155 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.

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?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

A Dose-Response Curve

A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...

A typical ECT sensor temperature versus voltage curve.

Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...

Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out

Correlation Coefficient, r (Chart)

Author Question: If the estimated elasticity of supply coefficient equals 0.85, then: a. the supply curve is ... (Read 155 times)

Related Topics

Need homework help now?