All the following are methods of determining prices ...
All the following are methods of determining prices except?
Maximum pricing
Rationing
Minimum pricing
Auctioning
Correct answer is D
A maximum price occurs when a government sets a legal limit on the price of a good or service – with the aim of reducing prices below the market equilibrium price.
Minimum Prices. It is known as minimum price or pricefloor when the government sets a minimum legal limit of a price of a particular good or service.
In economics, rationing refers to an artificial control of the supply and demand of commodities.
A typical corporate form of business organization is owned by ______ ...
The main handicap of sole proprietorship is? ...
One of the most important factors that should be considered in the location of an industry is ...
When a variable is associated with time period, it is____________ ...
If a total cost curve is plotted, marginal cost can be illustrated by the ...
Economic freedom is a basic feature of ______ ...
Which of the following is NOT a major function of a Central Bank? ...