Any system that features one price for sellers and another for buyers ?
Correct answer: A. Dual price system
- A. Dual price system
- B. Floor pricing
- C. Ceiling pricing
- D. None
Explanation
A dual price system charges or offers different prices to buyers and sellers within the same market arrangement. Price floors and ceilings are government-imposed minimum and maximum prices, respectively.
Last updated
Practise Agricultural Economics and Extension
190 free Agricultural Economics and Extension MCQs from Agriculture, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Agriculture questions like this
Agriculture is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
Related questions
A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?
A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called_________________?
A. Cetris peribus stands for__________________?
A closed economy that attempts to be completely self-reliant ?
A commercial bank authorized by state govt. to engage in business of banking ?