Arrange the following statement of government intervention in the form of price control.

(A) The government sets floors or minimum prices for these goods and services.
(B) A fall in price below a particular level is not desirable.
(C) The price charged for a particular good or service is called the price floor.
(D) The government imposed a lower limit on the price.

Choose the correct answer from the options given below:

(B), (A), (D), (C)

The correct answer is Option (3) → (B), (A), (D), (C)

• (B) — A fall in price below a particular level is not desirable. This sets the context — the government wants to prevent prices from falling too low.

• (A) — The government sets floors or minimum prices for these goods and services. As a corrective measure, the government introduces a minimum price policy.

• (D) — The government imposed a lower limit on the price. This describes the implementation of the policy — a price floor is established below which prices cannot fall.

• (C) — The price charged for a particular good or service is called the price floor. Finally, this defines what such a government-fixed minimum price is — the price floor.