Suppose the price elasticity of supply for Good A is 0.7 and the price elasticity of supply for Good B is 1.7 . Given these values, which of the following statements is accurate?
a. Good A has an inelastic supply curve, while Good B has an elastic supply curve.
b. Good B has an elastic supply curve, while Good B has an inelastic supply curve.
c. Both Good A and Good B have an elastic supply curve.
d. Both Good A and Good B have an inelastic supply curve.
a
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The Federal Reserve System consists of 12 ________ and 7 ________.
A. regional banks; Board of Governors' members B. member banks; regional banks C. Board of Governors' members; regional banks D. regional banks; member banks