Millionaire Mode

Competition and Experimental Economics

Question 1 of 14

In a perfectly competitive market, what is the relationship between the price and the quantity supplied?

  1. Price is directly proportional to quantity supplied
  2. Price is inversely proportional to quantity supplied
  3. Price is independent of quantity supplied
  4. Price is determined by the intersection of supply and demand

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000