A man engaged a servant on a condition that he would pay him Rs. 80 and a pair of jeans after service of one year. Servant served for only 9 months and receives a pair of jeans and an amount of Rs. 55. The price of the jeans is ________.
Demand curve is the relationship between price and quantity of product. In perfect competition, the demand curve for the product by a firm is perfectly elastic at maket price.