MCQ
In monopolistic competition the demand curve is
- AInelastic
- ✓More elastic
- CLess elastic
- DNone
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| a) | Consumer's surplus | 1) | $\left(y-y_1\right)=m\left(x-x_1\right)$ | |
| b) | Producer's surplus | 2) | $m =\frac{ y _2- y _1}{ x _2- x _1}$ | |
| c) | Slope | 3) | $\left[\int_0^{x_0}(p x) d x\right]-x_0 p_0$ | |
| d) | Straight line | 4) | $p _0 x _0-\int_0^{ x _{ g }} g ( x ) dx$ | |