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Author Question: If the measured elasticity of supply coefficient equals 0.6, then supply is: a. perfectly elastic. ... (Read 278 times)

moongchi

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on: Jun 30, 2018
If the measured elasticity of supply coefficient equals 0.6, then supply is:
 a. perfectly elastic.
  b. elastic.
 c. unit elastic.
 d. inelastic.

Question 2

An increase in currency in circulation would ____ M1 and ____ M2.
 a. increase; increase.
 b. not change; increase.
  c. decrease; decrease.
 d. not change; decrease.


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fdliggud

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

d

Answer to Question 2

a


moongchi

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  • Posts: 516
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ttt030911

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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