Question 14
Price DeterminationPrice control refers to
- A.the ways of making more goods available in the market
- B.a policy of ensuring stable price in the market
- C.a general reduction in the price level
- D.effective working of the forces of demand and supply.
Show the answer and explanation
Answer: B (a policy of ensuring stable price in the market)
Explanation
Price control is government fixing of prices to keep them stable and fair.