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Format your assignment consistent with APA guidelines.
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ECO 561 Week 6 DQ 1 (UOP Course)
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How much has the growth in international trade impacted your
company, or industry? Has the devaluation of the U.S. dollar
impacted your company, or industry? Explain.
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ECO 561 Week 6 Knowledge Check (Quiz)
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1.
If the demand is QD = 100 – 10P and there is a $1 price
increase, then the elasticity of demand at p = 2 is
2.

If the absolute value of a demand elasticity is less than 1, then

3.

If the cross-price elasticity is negative, then the two goods are

4.

Under perfect competition, a firm maximizes its profit by setting

5.
In a large city, a good, real-world example for perfect
competition would be
6.

A firm under monopolistic competition will earn