Download App

Market Equilibrium — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMarket Equilibrium1 Mark
Question
Who determines price under perfect competition?
✓

Answer

Price is determined by the forces of market demand and market supply under perfect competition.

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 Market Equilibrium→Market Equilibrium — 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

Who collects sales tax in India: The Central Government or The State Government?
→
Define market demand.
→
Will the following items be included or not in National Income of India? Give reason for your answer.
Income of Actors, singers and dancers.
→
Name the items included in balance of trade account.
→
What are the two methods for determination of producer's equilibrium?
→
Will the following items be included or not in National Income of India? Give reason for your answer.
Salary to foreign technical specialists.
→
Will the following items be included or not in National Income of India? Give reason for your answer.
Interest on loan taken by a consumer household.
→
Demand for product X is perfectly elastic. What will be the change in price if demand rises from 50 per unit to 70 per unit?
→
Categorize the following items into Revenue and Capital Receipts.
Statement-Borrowings from public.
→
When is the demand for a good said to be inelastic?
→