Which market has infinite price elasticity of demand?

CA Foundation · Business Economics · MTP · September 2025
Which market has infinite price elasticity of demand?
(A) A. Monopoly
(B) B. Monopolistic
(C) C. Oligopoly
(D) D. Perfect competition

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Perfect competition

Topics: Price Determination in Different Markets

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