मराठी

If a commodity has large number of substitutes, then its demand curve will be:

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प्रश्न

If a commodity has large number of substitutes, then its demand curve will be:

The diagram shows two intersecting downward-sloping demand curves, P and Q. Curve P is flatter and more elastic, while curve Q is steeper and less elastic at their point of intersection.

पर्याय

  • P

  • Q

  • Both (a) and (b)

  • Neither (a) nor (b)

MCQ
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उत्तर

P

Explanation:

A large number of substitutes makes demand more elastic. Curve P is flatter and therefore more elastic than curve Q.

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पाठ 4: Elasticity of Demand - OBJECTIVE QUESTIONS [पृष्ठ ४.३९]

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संदीप गर्ग Introductory Microeconomics [English] Class 11
पाठ 4 Elasticity of Demand
OBJECTIVE QUESTIONS | Q 22. | पृष्ठ ४.३९
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