Related InterviewSolutions

• Price floor is ______ the equilibrium price :A. lower thanB. higher thanC. equal toD. all of these
• Price floor is fixed to protect the interest ofA. consumersB. governmentC. producersD. none of these
• Minimum price ceiling refers to the minimum price :A. the buyer is willing to payB. the seller is willing to chargeC. the buyer must buy atD. all of these
• Maximum price ceiling means the maximum price :A. Producers of a good or a service are allowed to chargeB. Producers of a good or a service are willing to chargeC. the buyer is willing to payD. none of these
• Price ceiling and support price are examplesd ofA. direct intervention of govt.B. indirect interventation of govt.C. free interaction of market forcesD. all of these
• The maximum quantity fixed by the government that can be purchased through fair price shops is :A. rationingB. price ceilingC. floor priceD. all of these
• Minimum wage legislation helps in determining equilibrium inA. commodity marketB. labour marketC. foreign exchange marketD. none of these