A firm under perfect competition is Options: A . &nbspPrice maker B . &nbspPrice breaker C . &nbspPrice taker D . &nbspPrice shaker

A firm under perfect competition is

Question

A firm under perfect competition is

Options:

A . Price maker

B . Price breaker

C . Price taker

D . Price shaker

Answer: Option C

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Question 1. The elasticity of demand of durable goods is....

Question 2. In the case of an inferior good, the income elasticity of demand is....

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Question 5. Mr. Raees Ahamd bought 50 litres of petrol when his monthly income was Rs.25000. Now his monthly income has risen to Rs.....of petrol. His income elasticity of demand for petrol is

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Question 9. When price elasticity of demand for normal goods is calculated, the value is always....

Question 10. If the demand for a commodity is inelastic, an increase in its pice will cause the total expenditure of the consumers of....the total expenditure of the consumers of the commodity to

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