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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 55 times)

kamilo84

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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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Answer to Question 1

D

Answer to Question 2

C




kamilo84

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Reply 2 on: Jun 29, 2018
Excellent


kilada

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

 

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