Author Question: If the supply curve for a product is vertical, then the elasticity of supply is: a. equal to zero. ... (Read 50 times)

scienceeasy · **on:** Jun 30, 2018

If the supply curve for a product is vertical, then the elasticity of supply is:
a. equal to zero.
b. equal to one.
c. greater than one but less than infinity.
d. equal to infinity.

Question 2

A conversion of checking account balances into savings account balances would ____ M1 and ____ M2.
a. increase; increase.
b. not change; increase.
c. decrease; decrease.
d. decrease; not change.