Multiple Choice Questions on Under monopoly price elasticity of demand is ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Under monopoly price elasticity of demand is ........

Economics (CUET) Market Equilirium
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    Under monopoly, price elasticity of demand is_________________.

     

    Less than one
     

    Correct Answer

    Equal to one

     

    Incorrect Answer

    Greater than one

     

    Incorrect Answer

    Infinity

    Incorrect Answer
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    Explanation:

    Option (1) is correct.
    Explanation: Price elasticity of demand is bss than one, under monopoly market.

     

    By: Parvesh Mehta
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