Wheat, rice, kerosene, sugar. On these i

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Market Equilibrium

Question:

Wheat, rice, kerosene, sugar. On these items which of the following price control will be imposed by government.

Options:

Price floor

Price ceiling

Price fixation

Price automation

Correct Answer:

Price ceiling

Explanation:

Price ceiling is generally imposed on necessary items like wheat, rice, kerosene, sugar.