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Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour1 Mark
MCQ
$Ed = \infty$ in case of:
  • A
    Luxuries.
  • B
    Normal goods.
  • C
    Necessities.
  • ✓
    Perfect competition.
✓

Answer

Correct option: D.
Perfect competition.

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