Demand Curve in the monopolistic competition is ____

CA Foundation · Business Economics · MTP · June 2024
Demand Curve in the monopolistic competition is ____
(A) A. Infinitely elastic
(B) B. Downward sloping and highly inelastic
(C) C. Downward sloping and more elastic demand curve.
(D) D. None of these.

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Downward sloping and more elastic demand curve.

Topics: Price Determination in Different Markets

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