New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Identify the incorrect statement.

    A Support Price helps regulate the incomes of the farmers. Correct Answer Incorrect Answer
    B MC=MR at equilibrium in case of perfect competition. Correct Answer Incorrect Answer
    C Price Ceiling is the minimum price fixed by the government. Correct Answer Incorrect Answer
    D Equilibrium price is the price which clears the market. Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next