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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 102 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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  • Posts: 495
Reply 2 on: Jun 29, 2018
Excellent

abro1885

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

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