A monopolistic competitor's demand curve becomes less elastic as ...

[mspears3]

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.

[Qarqy]

Answer to Question 1

False

Answer to Question 2

e

[mspears3]

TYSM

[essyface1]

Thanks for the timely response, appreciate it