Download App

Meaning and Types of Markets — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsMeaning and Types of Markets1 Mark
MCQ
A differentiated product has:
  • A
    Many perfect substitutes
  • B
    No close substitutes
  • ✓
    Close but not perfect substitute
  • D
    No substitute of any kind
✓

Answer

Correct option: C.
Close but not perfect substitute
C

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from Meaning and Types of Markets→Meaning and Types of Markets — all question types→Economics STD 10 question papers→ICSE Board STD 10 question papers→ICSE Board question paper generator→

Similar questions

Which of the following is a form of consumer exploitation?
→
Labour is a/an _________ factor of production.
→
_________ the most important and specific function of an entrepreneur.
→
Identify the correct statement from the following alternatives.
→
What kind of a commodity will have inverse relation between income and demand?
→
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is_________.
→
Which of the following does not cause shift of supply curve of a good?
→
Identify the correct statement from the following:
→
Unfunded debts are for a period of __________.
→
Which of the following may be the reason behind the growth of public expenditure in India?
→