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Question 13 Not yet answered Marked out of 100 Flag question Which of the following is/are the characteristic of a monopoly market structure? a. Single seller O b. None of these O c. Product differentiation O d. No restriction on exit and entry Question 14 Not yet answered Marked out of 1.00 P Flag question Which of the following factors cause a contraction in quantity demanded for a commodity? a. An increase in the price of its substitutes b. A decrease in the price of complementary goods c. A rise in the price of the commodity O d. An increase in the taste and preferences of the consumer for the commodity Question 15 Not yet answered Marked out of 1.00 Flag question The law of demand states that: O a. As price falls, quantity demanded rises, other things remain same O b. As price fall, quantity demanded is constant, other things remain same O c. As price rise, quantity demanded is constant, other things remain same O d. As price falls, quantity demanded falls, other things remain same