This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the supply curve for a product is vertical, then the elasticity of supply is: a. equal to zero. ... (Read 118 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sarajane1989

  • Sr. Member
  • ****
  • Posts: 296
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


scienceeasy

  • Member
  • Posts: 565
Reply 2 on: Jun 30, 2018
:D TYSM

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

The oxygen isotope curve illustrates the ratio between 16O and 18O. The oxygen isotope curve illustrates the ratio between 16O and 18O.
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
Product safety Product safety
The Radioactive Decay Curve The Radioactive Decay Curve
Blood and Nerve Supply of Bone Blood and Nerve Supply of Bone
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Video: Cardiac conductile cells

For a complete list of videos, visit our video library