Advertisements
Advertisements
प्रश्न
Which of the following statements is true?
विकल्प
In monopolistic competition, the demand curve is relatively elastic
In monopolistic competition, the demand curve is relatively inelastic.
In monopolistic competition, the demand curve is perfectly elastic.
In a monopolistic competition, the demand curve is perfectly inelastic
MCQ
उत्तर
In monopolistic competition, the demand curve is relatively elastic
Explanation:
The demand curve is more elastic than monopoly but not perfectly elastic in monopolistic competition because close substitutes are available in the market.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
