Home
Class 11
ECONOMICS
The demand curves facing a seller under ...

The demand curves facing a seller under conditions of pertect competition, monopolistic compettion and monopoly difer in their price elasticities of demand. Draw demand curves of all the three market situations in a single diagram.

Text Solution

Verified by Experts

Perfect competition has a perfscty elastic demand curve (DD) parallel to the X-axis Monopolistic competition has a highly elastic demand curve `(D_(1),D_(1)). Manopoly has a less elastic demand curve `(D_(2)D_(2))`
Promotional Banner

Topper's Solved these Questions

  • MAIN MARKET FORMS

    SANDEEP GARG|Exercise True and false|16 Videos

  • MAIN MARKET FORMS

    SANDEEP GARG|Exercise NCERT QUESTIONS|4 Videos

  • INTRODUCTION

    SANDEEP GARG|Exercise UNSOLVED PRACTICALS|6 Videos

  • PRICE DETERMINATION AND SIMPLE APPLICATIONS

    SANDEEP GARG|Exercise Long Answer Type Questions|28 Videos

Similar Questions

Explore conceptually related problems

Draw and compare demand curves of a firm under perfect competition, monopoly and monopolistic competition.