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Author Question: The elasticity of supply coefficient for bicycles is estimated to be equal to 1.5 . It is expected, ... (Read 71 times)

debasdf

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on: Jun 30, 2018
The elasticity of supply coefficient for bicycles is estimated to be equal to 1.5 . It is expected, therefore, that a 4 increase in price would lead to:
 a. a 4 decrease in the quantity of bicycles supplied.
  b. a 4 increase in the quantity of bicycles supplied.
  c. a 6 decrease in the quantity of bicycles supplied.
  d. a 6 increase in the quantity of bicycles supplied.

Question 2

Credit card balances are:
 a. included in both M1 and M2.
 b. included in M1 but not M2.
 c. included in M2 but not M1.
 d. not included in either M1 or M2.


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nikmaaacs

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


debasdf

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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