The situation when the market does not supply products at all despite the fact that such products and services are wanted by the people is known as:

CA Foundation · Business Economics · PYQS · September 2025
The situation when the market does not supply products at all despite the fact that such products and services are wanted by the people is known as:
(A) A. Temporary market failure
(B) B. Complete market failure
(C) C. Partial market failure
(D) D. Relative market failure

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Complete market failure

Topics: Public Finance

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic