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Author Question: The price elasticity of demand for any particular perfectly competitive firm's output is A) less ... (Read 84 times)

Bob-Dole

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on: Jun 29, 2018
The price elasticity of demand for any particular perfectly competitive firm's output is
 
  A) less than 1.
  B) 1.
  C) equal to zero.
  D) infinite.

Question 2

By using only the aggregate demand curve, we can determine
 
  A) only the price level.
  B) only the quantity of real GDP.
  C) both the price level and quantity of real GDP.
  D) neither the price level nor the quantity of real GDP.


debra928

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


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