The agricultural price support program is an example of
a. a price ceiling
b. a price floor
c. equilibrium pricing

1 Answer

Answer :

b. a price floor

Related questions

Description : The example of agriculture price support program is? a) A price ceiling b) A price floor c) Equilibrium pricing d) None of the above

Last Answer : Answer- b

Description : If there is a price ceiling, there will be a. shortages b. surpluses c. equilibrium

Last Answer : a. shortages

Description : If there is a price floor, there will be a. shortages b. surpluses c. equilibrium

Last Answer : b. surpluses

Description : What type of products, does CACP recommend minimum support price for? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above

Last Answer : (2) Agricultural products Explanation: The Agricultural Prices Commission was set up in January. 1965 to advise the Government on price policy of major agricultural commodities. Since March 1985, the ... are fixed by the government. each year, after taking into account the recommendations of CACP.

Description : Identify the one which is not related to the Agricultural Price Policy. (1) Buffer stock (2) Imports (3) Support price (4) Licensing

Last Answer : (4) Licensing Explanation: Licensing is a marketing and brand extension tool that is widely used by everyone from major corporations to the smallest of small business. A license may be issued by authorities, to allow an activity that would otherwise be forbidden.

Description : Who determines the minimum support price in India? a) The Commission for Agricultural Costs and Prices b) The Agriculture Ministry c) The Finance Commission d) NABARD

Last Answer : a) The Commission for Agricultural Costs and Prices

Description : Identify the one which is not related to the Agricultural Price Policy. (1) Buffer stock (2) Imports (3) Support price (4) Licensing

Last Answer : Licensing

Description : What type of products, does CACP recommend minimum support price for ? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above

Last Answer : Agricultural products 

Description : Which of the following is correct for the price ceiling which is set below the market s equilibrium price? (a) quantity demanded exceeds quantity supplied at the set price; (b) quantity demanded is less than quantity ... the set price ; (c) at the set price there is a surplus ; (d) None of above 

Last Answer : (a) quantity demanded exceeds quantity supplied at the set price;

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Last Answer : (2) Simple pendulum motion Explanation: When a body moves about a mean position in such a way that the acceleration is proportional to the displacement and is always directed towards the mean ... to execute a simple harmonic motion. The motion of a simple pendulum falls under this category.

Description : Which of the following is an example of simple harmonic motion? (1) Earth spinning on its axis (2) Simple pendulum motion (3) Ball bouncing on floor (4) Motion of a ceiling fan

Last Answer : Simple pendulum motion

Description : What is dual pricing? (1) Wholesale price and Retail pricing (2) Pricing by agents and Pricing by retailers (3) Price fixed by Government and Price in open market (4) Daily prices and Weekly prices

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Description : Under hill cost pricing, price is determined - (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revem (3) by adding normal profit to the marginal cost (4) by the total al cost of production

Last Answer : (1) by adding a margin to the average cost Explanation: Full cost pricing is a practice where the price of a product is calculated by a firm on the basis of its direct costs per unit of output ... is known as 'full-cost' pricing. The price is equal to 'full' cost, including an acceptable profit.

Description : What is dual pricing? (1) Wholesale price and Retail pricing (2) Pricing by agents and Pricing by retaliers (3) Price fixed by Government and Price in open market (4) Daily prices and Weekly prices

Last Answer : Price fixed by Government and Price in open market

Description : Under full cost pricing, price is determined (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revenue (3) by adding normal profit to the marginal cost (4) by the total cost of production 

Last Answer :  by adding a margin to the average cost

Description : If there is a price ceiling, which of the following is NOT likely to occur? a. rationing by first-come, first-served b. black markets c. gray markets d. sellers providing goods for free that were formerly not free

Last Answer : d. sellers providing goods for free that were formerly not free

Description : Which of the following is correct for a price floor set above the equilibrium price? (a) quantity supplied is less than quantity demanded at the set price.; (b) at the set price there will be a shortage; (c) quantity supplied exceeds quantity demanded at the set price ; (d) None of above

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Description : Equilibrium price in the market is determined by the - (1) equality between marginal cost and average cost. (2) equality between total cost and total revenue. (3) equality between average cost and average revenue. (4) equality between marginal cost and marginal revenue.

Last Answer : (4) equality between marginal cost and marginal revenue. Explanation: The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the ... in equilibrium at the point of equality of marginal cost and marginal revenue. (MC = MR).

Description : Equilibrium price is the price when : (1) supply is greater than demand (2) supply is less than demand (3) demand is very high (4) supply is equal to demand

Last Answer : (4) supply is equal to demand Explanation: The equilibrium price is the price where the goods and services supplied by the producer equals the goods and services demanded by the customer(s). How the equilibrium price is achieved is through the 'Invisible Hand', or market forces of the economy.

Description : Equilibrium price means - (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximize profit

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Description : The equilibrium price of a commodity will definitely rise if there is a/an: (1) increase in supply combined with a decrease in demand. (2) increase in both demand and supply. (3) decrease in both demand and supply. (4) increase in demand accompanied by a decrease in supply.

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Last Answer : C.A higher quantity and higher price

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Last Answer : equality between marginal cost and marginal revenue.

Description : The equilibrium price of a commodity will definitely rise if there is a/an : (1) increase in supply combined with a decrease in demand. (2) increase in both demand and supply. (3) decrease in both demand and supply. (4) increase in demand accompanied by a decrease in supply.

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Last Answer : I can't tell you, but I can say that this happened to me years ago. The landlord had the second-floor unit and I was on the first floor. One night (luckily when I was not in the shower) ... course, but it sure cramped my style for a little while there. I hope you notified your landlord right away.

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