The demand curve that a firm faces in a perfectly competitive market is........... Option 1: More elastic. Option 2: Less elastic. Option 3: Perfectly inelastic. Option 4: Perfectly elastic.

The answer is 'Perfectly elastic.'. View full solution:

CUET Economics - The demand curve that a firm faces in a perfectly competitive market is........... | PYQs + Solutions

CUET Economics 2025 29 May Shift 2

Micro

Easy

More elastic.

Less elastic.

Perfectly inelastic.

Perfectly elastic.

✅ Correct Option: 4

Related questions:

14 May Shift 1

In the perfectly competitive market, if 10 packets of bread are sold at the price of Rs. 25 per packet, what will be the total revenue of a bread manufacturer?

Rs. 25
Rs. 250
Rs. 0.4
Rs. 2.5

2 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Perfect Competition	(I) A typical characteristic of perfect competition.
(B) Perfectly elastic demand curve	(II) An individual firm is a price taker.
(C) Degree of price control under perfect competition	(III) The firm can sell any amount of its output at the prevailing price.
(D) Freedom of entry and exit	(IV) No control over price.

Choose the correct answer from the options given below:

16 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Excess demand	(I) Supernormal profits
(B) Excess supply	(II) Perfect competition
(C) Entry of new firms in the market	(III) Price tends to fall
(D) Price taker	(IV) Price tends to rise

Choose the correct answer from the options given below:

CUET Economics 2025 29 May Shift 2 PYQs

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