1.What do you mean by a perfectly competitive market? Give example

2.What is the difference between oligopolistic competition and Monopolistic Competition? Give example

3. Name some factors that lead to shift of Demand Curve. What causes a movement along the demand curve?

4.Name some factors that lead to shift of Supple Curve. What causes a movement along the Supply curve?

5. What is a market equilibrium? What do you mean by excess demand and excess supply?