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Author Question: If the estimated elasticity of supply coefficient equals 0.85, then: a. the supply curve is ... (Read 217 times)

jjjetplane

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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.


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elizabethrperez

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

d

Answer to Question 2

d


jjjetplane

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Reply #2 on: Jun 30, 2018
Thank you


elizabethrperez

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Reply #3 on: Jun 30, 2018
No problemo


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