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Market Equilibrium — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMarket Equilibrium1 Mark
Question
"To make the minimum price ceiling effective, it must be accompanied by rationing". True/ False. Justify your answer.
✓

Answer

False.Explanation:
This is so because it is not the minimum price ceiling but maximum price ceiling which must be accompanied by rationing, in order to be more effective.

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