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Market Equilibrium — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMarket Equilibrium1 Mark
Question
Demand curve is elastic under:
  1. Perfect competition.
  2. Monopoly.
  3. Monopolistic competition.
  4. All of the above.
✓

Answer

  1. Monopolistic competition.

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