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Assertion (A): In perfect competition, price is determined by the forces of
Economics
Forms of Market
Question
Updated
19 Aug 2026
Assertion (A): In perfect competition, price is determined by the forces of demand and supply. Reasoning (R): The number of buyers and sellers is so large that one person can not influences prices.
A
Choose Your Answer
A
is true, but (R) is false.
B
is false, but (R) is true.
C
Both (A) and (R) are True and (R) is the correct explanation of (A).
D
Both (A) and (R) are True and (R) is not the correct explanation of (A).
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