The firm charges price in tune with the industry’s price is called

Related MCQs

• Selling at a lower price in export market and at a higher price at home market is called
• ……….. a schedule that depicts the supply by an individual firm or producer of a commodity in relation to its price
• If the income and substitution effect of a price increase works in the same direction the good whose price has changed is a
• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is:
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
• A firm that is the sole seller of a product without close substitutes called:
• The change in demand due to change in price only, where other factors remaining constant, it is called……….
• When the quantity demanded of a commodity rises due to a fall in price, it is called
• When the quantity demanded falls due to a rise in price, it is called
• Higher the price of certain luxurious articles, higher will be the demand, this concept is called