Practice question

MCQ

Question

Read the statements (A) and (R) and choose the correct option
(A) Goods are cheap in the weekly markets.
(R) There are more shops selling the same goods in the weekly market, hence there is more competition.

Options

Choose one · Correct answer highlighted

Both (A) and (R) are true and (R) is the correct explanation of (A) Correct Both (A) and (R) are true and (R) is not the correct explanation of (A) (A) true, but (R) is false Both (A) and (R) are false

Explanation

Both (A) and (R) are true correct per microeconomics basics; central problems scarcity choice opportunity cost.

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Read the statements (A) and (R) and choose the correct option (A) Goods are cheap in the weekly markets. (R) There are more shops selling the same goods in the weekly market, hence there is more competition.

Options

Explanation

Comments

Related blogs

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Exploring Mixtures and their Separation Notes - Types of Mixtures, Separation Methods and Solutions

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Read the statements (A) and (R) and choose the correct option
(A) Goods are cheap in the weekly markets.
(R) There are more shops selling the same goods in the weekly market, hence there is more competition.