Minimum assured prices to the farmers to purchase their output by the government is called:

CA Foundation · Business Economics · MTP · September 2025
Minimum assured prices to the farmers to purchase their output by the government is called:
(A) A. Market Price
(B) B. Equilibrium Price
(C) C. Support Price
(D) D. Ceiling Price

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Support Price

Topics: Price Determination in Different Markets

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