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Author Question: In perfect competition, the elasticity of demand for the product of a single firm is A) 0. B) ... (Read 103 times)

kamilo84

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on: Jun 29, 2018
In perfect competition, the elasticity of demand for the product of a single firm is
 
  A) 0.
  B) between 0 and 1.
  C) 1.
  D) infinite.

Question 2

If the Fed sells U.S. dollars, the exchange rate
 
  A) rises.
  B) does not change.
  C) falls.
  D) changes, but the direction depends on whether the Fed affected the demand for dollars or the supply of dollars.


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bob

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


kamilo84

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

aliotak

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Reply 3 on: Yesterday
Gracias!

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