A market in which supply and demand are not subject to regulation other than normal competition policy is termed:

Related MCQs

• The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called
• Inwhich market structure is the demand curve of the market represented by the demand curve of the firm?
• The demand of a commodity is a direct demand but the demand of a factor of production is called a -
• The currency traded in a foreign exchange market for which demand is persistently high relative to supply is called:
• When percentage change in demand for a commodity is less than percentage change in its price, then demand is said to be -
• If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is -
• Demand curve of a firm under perfect competition is :
• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• Price and output are determinates in market structure other than -
• The functions of sales, distribution, advertising and sales promotion, product planning and market research are termed as: