The Price Elasticity of demand of a firm in Pure Competition is :

CA Foundation · Business Economics · MTP · June 2024
The Price Elasticity of demand of a firm in Pure Competition is :
(A) A. Infinite
(B) B. Finite
(C) C. Large
(D) D. Small

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Infinite

Topics: Determination of National Income

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic