AdminHelpdice Team30 May, 2024When no firm or consumer is large enough to affect the market price, the market is assumed to haveperfect competitionimperfect competitionno competitionnone of theseCheck AnswerRelated MCQ's The assumption which makes the 'Indifference Curve' convex to the origin is...Mon, 10 Mar'Poverty line' is determined by...Mon, 10 MarThe direct exchange of goods and services for other goods and services is known as...Mon, 10 MarWhen price rises, the quantity demanded generally tends to fall because of:I:substitution effect II. substitution e...Mon, 10 MarA businessman or a company should accept investments that have _____ net present values....Mon, 10 MarThe economic term used to rank countries according to human development is...Mon, 10 MarWhen price of a commodity increased by 5%, the quantity demanded decreased by 3%. The quantity is said to have...Mon, 10 MarThe concept of invisible hand in the organization of supply and demand in a well-functioning market mechanism refer...Mon, 10 MarTaxes are used to discourage __________ of a commodity....Mon, 10 MarWhich economic term is used to represent inequality in income distribution?...Mon, 10 Mar
