PRICE CONTROL
Authored by nasreen mohdmansor
Social Studies
1st Grade
Used 2+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
maximum price also known as
Floor price
Door price
Window price
Ceiling price
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what are the problem exists when price is below the equilibrium
surplus
minimum
shortage
maximum
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Minimum price is set to protect
Producer
Teacher
Lawyer
Consumer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what are the disadvantage from the implementation of price regulation as shown in the diagram
the income of producers of farmers is protected
the government may store or keep surplus of goods
low paid workers are better off
lead to wastage of resources
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following essential good is under maximum price
Sugar
Iphone
Diamond
Paddy
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