Question

State whether the following statements are True or False
1) Perfectly inelastic demand curve is parallel to 'Y' axis.
2) Supply is inversely related to price.
3) Price discrimination is possible under monopoly.
4) In case of token coins intrinsic value is less than their face value.
5) Credit money is created by the Central bank of a country.
6) The main obiective of the Central bank is to earn profit.

Answer 1

Answer:

1.T

2.T

3.F

4.F

5.T

6.T

ans may be incorrect in my opinion it is right