Which from the following forms essential elements of a market? (I) Buyers and sellers (II) Product or service (III) Knowledge of market conditions…
CA Foundation · Business Economics · PYQS · May 2026
Which from the following forms essential elements of a market? (I) Buyers and sellers (II) Product or service (III) Knowledge of market conditions (IV) Multiple prices for a product or service at a given time
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. (I), (II) and (III)
Topics: Price Determination in Different Markets
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