Question

Identify the correctly matched items from Column I to that of Column II:

Column I	Column II
(1) Demand Curve of Perfect Competition	(a) V-shaped Curve
(2) Demand Curve of Monopoly	(b) U-shaped Curve
(3) Demand Curve of Monopolistic Competition	(c) Upward rising
(4) Demand Curve of Oligopoly	(d) In-determinant

Options

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

4 - (d)

Explanation:

(a) Demand Curve of Perfect Competition: Horizontal to X-axis

(b) Demand Curve of Monopoly: Downward sloping

(c) Demand Curve of Monopolistic Competition: Downward Sloping

(d) Demand Curve of Oligopoly: Indeterminant