Author Question: A monopolistic competitor's demand curve becomes less elastic as new entry occurs. a. True b. ... (Read 93 times)

mspears3 · **on:** Jun 30, 2018

A monopolistic competitor's demand curve becomes less elastic as new entry occurs.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A permanent shift in the foreign exchange market supply and demand curves such that the fixed exchange rate is no longer an equilibrium rate is referred to as:
a. permanent devaluation.
b. speculative disequilibrium.
c. permanent revaluation.
d. speculative equilibrium.
e. fundamental disequilibrium.