Explain Minimum Price Ceiling and it’s implications.
Answers
Answered by
19
Minimum price ceiling means the least price that could be paid for a good or service. It is the price fixed by the government for a good in the market.
HOPE IT HELPED U
PLZ MARK AS BRIANLIEST
Answered by
6
Answer: Minimum price ceiling means the least price that could be paid for a good or service.
#ITS IMPLICATIONS ARE AS FOLLOWS: --
The government fixes the price on agricultural products and food grains in particular so that the farmers get their fair price of a commodity which otherwise actually can be sold with too low of a price.
Hope this answer helps u
Please mark it as brainliest answer..
Explanation:
Similar questions