Download App

Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour1 Mark
Question
When is a firm called 'price-taker'?
✓

Answer

The firm is called price taker when it has to adopt the price determined by market demand and market supply.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer The Following Questions In One Sentence.[1 Marks Each]" from Theory of consumer behaviour→Theory of consumer behaviour — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Categorize the following items into Revenue and Capital Expenditure.
Statement-Grants given by central government to state government.
→
Who is a producer?
→
What is shut down point?
→
If two supply curves intersect, which one has the higher price elasticity?
→
Give the meaning of 'Oligopoly'.
→
What is the shape of TR curve in monopoly?
→
Will the following items be included or not in National Income of India? Give reason for your answer.
Payment of income tax by a production unit.
→
Define Legal Reserve Ratio.
→
Give meaning of managed floating exchange rate.
→
How will an increase in the price of petrol affect the demand curve of a car?
→