I was reading the NCERT solution for class Economics class 12 and I didn’t find the explanation for this question. I bet the question sound important to me for short question types.
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I was reading the NCERT solution for class Economics class 12 and I didn’t find the explanation for this question. I bet the question sound important to me for short question types.
Market period is a very short period within which firms cannot adjust their output to any change in price.
In this case Supply curve is vertical.