In perfect competition, the elasticity of demand for the product ...

[kamilo84]

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.

[bob]

Answer to Question 1

D

Answer to Question 2

C

[kamilo84]

Excellent

[bitingbit]

Thanks for the timely response, appreciate it