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Author Question: When the price of a good increases by 300, the quantity supplied of the good increases from 200 ... (Read 118 times)

jc611

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on: Jun 29, 2018
When the price of a good increases by 300, the quantity supplied of the good increases from 200 units to 900 units. The price elasticity of supply of the good is:
 
  A) 1.17.
  B) 1.5.
  C) 3.
  D) 4.5.

Question 2

Which of the following is a component of the M1 money supply?
 
  A) Mutual funds
  B) Stock investments
  C) Three month T-bills
  D) All of the above are part of M1.
  E) None of the above is part of M1.


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Edwyer

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

A

Answer to Question 2

E


jc611

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

adf223

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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