The factors which determine the type of market are ______.

CA Foundation · Business Economics · PYQS · May 2026
The factors which determine the type of market are ______.
(A) A. Size of the commodity, size of the population and extent of demand
(B) B. Size of production, nature of commodity and extent of supply
(C) C. Extent of demand, nature of commodity and size of the population
(D) D. Size of production, extent of demand and nature of commodity

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Size of production, extent of demand and nature of commodity

Topics: Price Determination in Different Markets

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