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What do you understand by control price?

+1 vote

asked Mar 22, 2019 in Class 12 by kratos

What do you understand by control price?

price determination
forms of market
class-12

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1 Answer

+3 votes

answered Feb 24, 2020 by kratos

Best answer

When government fixes price of a product lower than the equilibrium price to help the consumers, it is called control price.

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