Maharashtra State BoardHSC Commerce 12th Board Exam
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State Whether the Following Statement is True Or False :Under Perfect Competition Price is Determined by Equilibrium of Demand and Supply. - Economics

Question

State whether the following statement is true or false :

Under perfect competition price is determined by equilibrium of demand and supply.

Solution

Under perfect competition price is determined by equilibrium of demand and supply True .

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APPEARS IN

 2017-2018 (March) (with solutions)
Question 1.3.3 | 1.00 mark
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State Whether the Following Statement is True Or False :Under Perfect Competition Price is Determined by Equilibrium of Demand and Supply. Concept: Concept of Supply.
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