The Government offer minimum assured price to the farmers to purchase their Output is called

CA Foundation · Business Economics · RTP · May 2025
The Government offer minimum assured price to the farmers to purchase their Output is called
(A) A. Market Price
(B) B. Support Price
(C) C. Equilibrium Price
(D) D. Ceiling Price

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Support Price

Topics: Price Determination in Different Markets

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