A market in which prices are in an upward trend is known as ?
Correct answer: A. Bull market
- A. Bull market
- B. Beamish market
- C. Upward market
- D. Hot market
Explanation
A bull market is characterised by sustained or expected price increases, reflecting optimism among investors. The other listed terms are not standard names for an upward-trending market.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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