Business Studies, asked by aumsum8371, 8 months ago

what are the drawbacks of price hike ?


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Answered by Nancy888
2

maximum prices can be reduce the price of food to make it more affordable, but the drawback is a maximum price may lead to lower supply and shortage.

minimum prices can increase the price producers receive. They have been used in agriculture to increase farmers income.

Answered by sdamayantri
1

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