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Meaning and Types of Markets — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsMeaning and Types of Markets1 Mark
MCQ
_________ is relevant to perfect competition.
  • A
    Perfectly inelastic demand
  • ✓
    Perfectly elastic demand
  • C
    Downward slopping demand curve
  • D
    Highly elastic demand curve
✓

Answer

Correct option: B.
Perfectly elastic demand
B

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