Economy, asked by rritika728, 3 months ago

market price includes impact of indirect taxes but not of subsisides

Answers

Answered by stuprajin6202
0

Explanation:

To find out Market Prices (MP), indirect taxes are added and subsidies are subtracted from Factor Cost (FC) as explained above. In short, MP includes net indirect tax whereas FC does not. Thus, FC becomes MP when net indirect taxes are added to FC.

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