Which of the following is not a characteristic of a price taker?

TR=P x Q

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AR=Price

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Negatively - sloped demand curve

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Marginal Revenue = Price

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Solution

The correct option is C Negatively - sloped demand curve
Price taker firm exist in ease of perfect competition where the demand curve is a straight line parallel to the x-axis as the firm can sell any amount of the commodity at the same price. So demand curve will not be negatively sloped.

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Which of the following is not a factor for determining the price elasticity of demand?

List - I (Type of Inflation)	List - II (Characteristic)
A. Demand-pull Inflation	1. Initially price rises
B. Cost-push Inflation	2. Price-rise controlled by rationing and other means
C. Suppressed Inflation	3. Inflation in which prices increase as a result of increased production costs, as labour and raw materials, even when demand remains the same
D. Creeping Inflation	4. Inflation in which rising demand results in a rise in prices. 5. Fall in price of raw materials

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