Top 150+ Solved Micro Economics analysis MCQ Questions Answer
Q. The demand curve of a firm under perfect competition is :
a. inelastic
b. perfectly inelastic
c. infinitely elastic
d. unitary elastic
Q. The price of a commodity under the perfect competition isdetermined by:
a. buyer
b. seller
c. firm
d. market forces
Q. The price at which the demand and supply are equal is called:
a. normal price
b. support price
c. equilibrium price
d. fair price
Q. Cost of advertisement and salesmanship is called:
a. sales cost
b. selling cost
c. dual price
d. none of these