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Question 34Asked in RRB JE CBT-1, 18 Dec 2024, Shift 3 (4:30 PM)

Which of the following kinds of demand exists in the monopolistic competition for the product of an individual firm?

  1. APerfectly inelastic
  2. BRelatively elastic
  3. CRelatively inelastic
  4. DPerfectly elastic
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Correct answer: (B) Relatively elastic

From RRB JE CBT-1 PYQ 18 Dec 2024, Shift 3 (4:30 PM)

This is question 34 of RRB JE CBT-1 PYQ 18 Dec 2024, Shift 3 (4:30 PM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.