A monopolistic competitor's demand curve tends to be more elastic ...

[justinmsk]

A monopolistic competitor's demand curve tends to be more elastic than a monopolist's demand curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In 1991, the French mineral water Perrier was temporarily taken off the market in the United States because of suspected impurities. Other things equal, this action brought about:
 a. an increase in the demand for Perrier.
  b. a decrease in the price of Perrier in terms of French francs.
  c. a depreciation of the French franc relative to the U.S. dollar.
  d. an appreciation of the French franc relative to the U.S. dollar.
  e. an increase in the supply of dollars in the foreign exchange market.

[enass]

Answer to Question 1

True

Answer to Question 2

c

[justinmsk]

Correct answers!

[enass]

Great! Please up vote