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Question
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Options
A. (iii), B. (ii), C. (iv), D. (i)
A. (ii), B. (iii), C. (i), D. (iv)
A. (iii), B. (i), C. (ii), D. (iv)
A. (iv), B. (ii), C. (i), D. (iii)
Solution
A. (iii), B. (ii), C. (iv), D. (i)
Explanation:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (iii) | Horizontal straight line |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iv) | Elastic demand curve |
| D. | Demand curve under oligopoly | (i) | Indeterminate demand curve |
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