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The theory of the firm under perfect competition — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsThe theory of the firm under perfect competition1 Mark
MCQ
The functional relationship between supply of a commodity and its various determinants is known as:
  • ✓
    Supply function.
  • B
    Change in supply.
  • C
    Change in quantity supplied.
  • D
    None of the above.
✓

Answer

Correct option: A.
Supply function.

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