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The theory of the firm under perfect competition — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
When the price of a commodity does not change but the quantity supplied changes. It is called:
  1. Unit elastic supply.
  2. Perfectly elastic supply.
  3. Perfectly inelastic supply.
  4. Elastic supply.
✓

Answer

  1. Perfectly elastic supply.

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