Which of the following factors/policies were affecting the price of rice in India in the recent past ? 1. Minimum Support Price 2. Government’s trading 3. Government’s stockpiling 4. Consumer subsidies Select the correct answer using the code given below:
Options
(a)1, 2 and 4 only
(b)1, 3 and 4 only
(c)2 and 3 only
(d)1, 2, 3 and 4
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Class 12Market Equilibrium— NCERT Economics, Chapter 5. A market is in equilibrium when the plans of all buyers and sellers match: market demand equals market supply, qD(p*) = qS(p*). At a price below p* there is excess…
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