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MICROECONOMICS CH : 13 MARKET EQUILIBRIUM UNDER PERFECT COMPETITION AND EFFECTS OF SHIFTS IN DEMAND AND SUPPLY — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 13 MARKET EQUILIBRIUM UNDER PERFECT COMPETITION AND EFFECTS OF SHIFTS IN DEMAND AND SUPPLY1 Mark
MCQ
When will increase in supply bring down the price, leaving the quantity demanded unchanged?
  • A
    When demand for the commodity is perfectly elastic
  • ✓
    When demand for the commodity is perfectly inelastic
  • C
    When demand for the commodity is less elastic
  • D
    When demand for the commodity is more elastic
✓

Answer

Correct option: B.
When demand for the commodity is perfectly inelastic
(b)

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