Question: On the basis of competition, markets are classified into __________ types. A. 2 B. 3 C. 4 D. 5 Answer» a. 2 Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: When the price elasticity of demand is equal to one, the demand curve is A. rectangular hyperbola B. parallel to the horizontal axis. C. parallel to the vertical axis D. negatively sloped straight line Answer» a. rectangular hyperbola Note:…

Question: Quantity Theory of Money states that 3 A. Price Level is directly proportional to Money Supply B. Price Level is inversely proportional to Money Supply C. Price Level is not related to Money Supply D. Price Level is inversely…