Given the supply of a commodity, in the market period, the price of a commodity is determined by

Related MCQs

• In the market period, price determination in the case of a perishable commodity is influenced by its
• The price of a commodity under the perfect competition is determined by:
• In the market period, market supply curve is
• Assertion (A) Many oligopolistic industries exhibit an appreciable degree of Price rigidity or stabilityReason (R) Oligopolists face a demand curve that is highly elastic for price increases and less elastic for price reductions
• Equilibrium price is determined under perfect competition by
• If the monopolist faces identical demand for his commodity in the two separate markets, by practicing third degree price discrimination
• Perfect competition is a market situation under which a commodity is sold at:
• The price at which the demand and supply are equal is called:
• The supply curve of the input that a firm faces under a perfectly competitive market is
• The supply curve of an input that a firm faces under an imperfectly competitive market is